Turkey
's competition authority has announced that it will be imposing a
daily fine
of 4.8 million lira ($160,000) on
's parent company,
Meta
. The fine comes as a result of the company's failure to provide sufficient documentation during a previous investigation.
As per a report by news agency Reuters, the Turkish Competition Board stated that as part of an investigation into the online video advertising market in 2022, Meta was required to submit a document outlining the measures it would take to comply with the law and restore competition in the market.
However, the authority found the explanations provided by Meta in its compliance measures to be insufficient. As a result, the board has decided to impose a daily fine starting from December 12th until Meta submits a final compliance solution.
This is not the first time that Meta Platforms has faced fines in Turkey. In 2022, the company was fined 346.72 million lira ($11.57 million) for violating competition laws.
Meta to restrict more content for teens
The development comes a day after Meta said that it would hide more content from teens on Instagram and Facebook. Regulators globally pressed the social media giant to protect children from harmful content on the platforms it owns.
All teens will now be placed into the most restrictive content control settings on the apps and additional search terms will be limited on Instagram, Meta said in a blogpost.
As a result, it will now be more difficult for teens to come across sensitive content such as suicide, self-harm and eating disorders when they use features like Search and Explore on Instagram.
The company said the measures, expected to roll out over the coming weeks, would help deliver a more "age-appropriate" experience.
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