Facebook fined 1.2 million euros by Spanish data watchdog

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Source:  Reuters

Facebook has been fined 1.2 million euros ($1.4 million) for allegedly collecting personal information from users in Spain that could then be used for advertising, the national data protection watchdog said on Monday.

The fine stemmed from an investigation into the social network company conducted alongside similar probes in Belgium, France, Germany and the Netherlands, the AEPD authority said.

The 1.2 million euro fine is a fraction of Facebook’s quarterly revenue of about $8 billion and stock market capitalization of around $435 billion.

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