Headlines
Spanish court orders Meta to pay $550 million to digital media companies
Published by Global Banking and Finance Review
Posted on November 20, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 20, 2025
1 min readLast updated: January 20, 2026
A Spanish court has ordered Meta to pay $550 million to digital media companies for unfair competition and EU data protection violations.
MADRID (Reuters) -A Spanish court has ordered that the multinational tech company Meta pay 479 million euros ($551.76 million) to Spanish digital media outlets for unfair competititon practices and infringement of EU data protection regulation, the court said on Thursday.
($1 = 0.8681 euros)
(Reporting by Emma Pinedo, editing by Andrei Khalip)
Compensation refers to the payment or remuneration given to employees or entities for their services, work, or losses. In the context of legal rulings, it often involves financial restitution for damages or losses incurred.
Data protection involves safeguarding personal data from misuse, loss, or unauthorized access. It encompasses laws and regulations designed to ensure individuals' privacy and control over their personal information.
Unfair competition refers to deceptive or wrongful business practices that harm other businesses or consumers. It includes practices like false advertising, trademark infringement, and misappropriation of trade secrets.
A multinational corporation is a company that operates in multiple countries, managing production or delivering services across various markets. These corporations often have a centralized head office but operate locally in different regions.
The European Union data protection regulation, commonly known as GDPR, is a comprehensive law that governs how personal data of EU citizens is collected, stored, and processed, ensuring privacy and protection of individuals' data.
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