Categories: Stock Market News

Turkish antitrust authority ends Meta probe over Threads data-sharing


ISTANBUL (Reuters) – Turkey’s competitors board mentioned on Thursday that it has determined to terminate an investigation of Meta Platforms (NASDAQ:META) relating to data-sharing between social media platforms Threads and Instagram.

Commitments introduced by the corporate to handle competitors issues are ample and therefore the authority determined to finish the investigation, it mentioned in an announcement.

As a part of the commitments Meta despatched to the authority, each current Threads customers and new customers will have the ability to use the platform by opening a Threads profile with out requiring an Instagram account, when the app is reinstated for entry in Turkey.

Meta instructed the antitrust authority that except the customers in query select to merge their accounts, their knowledge obtained by way of Threads won’t be merged with Instagram.

The board launched the investigation into Meta final yr over a attainable violation of competitors regulation associated to the linking of its social media platforms.

In April, Meta quickly shut down its Threads social media platform in Turkey to adjust to an interim order from the Turkish competitors authority.

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