META ORDERED TO COMPENSATE SPANISH MEDIA FOR ‘UNFAIR COMPETITION’

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In a significant ruling on Thursday, a Spanish court found Facebook owner Meta liable for "unfair competition" and ordered it to pay local media outlets 479 million euros ($552 million) in compensation, along with 60 million euros in interest. The judgment sided with Spain's main media association (AMI), which filed a 2023 lawsuit accusing the US tech giant (also owner of Instagram and WhatsApp) of "systematically" violating EU regulations—which oblige companies to obtain users' consent for personalized advertising data—between May 2018 and July 2023.







