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Israel mulls fine on Facebook for antitrust violation

05/11/2021 04:46
Israel mulls fine on Facebook for antitrust violation

- Israel's Competition Authority said on Tuesday it was considering imposing a fine of about 6 million shekels ($1.8 million) on Facebook FB.O for buying two Israeli companies without the agency's consent.

It said the fine is subject to a hearing and Facebook has the right to submit its arguments to the authority's director general within 60 days.


($1 = 3.2687 shekels)


(Reporting by Steven Scheer, editing by Louise Heavens)

(([email protected]; +972 2 632 2210; Reuters Messaging: [email protected]; Twitter: @StevenMScheer))