Italy fines Facebook parent Meta $6.45 million, here’s why

Facebook parent has been under scrutiny for its advertising practices. The company has been fined multiple times this year and now, Italy has become the latest country to slap a fine on the company for breach of advertising rules.

Meta became the latest tech company to be fined by Italy’s communications watchdog AGCOM for breaches of a ban on the advertising of gambling.

The company has been fined EUR 5.85 million (approx $6.45 million) in connection with profiles and accounts on Facebook and Instagram, news agency Reuters reported. Furthermore, the fine is also for the sponsored content which promoted either betting or games with cash prizes.