Instagram Hit With a Huge Fine For Failing to Protect Teens

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The Street

By Tony Owusu Irish regulators fined Instagram parent Meta Platforms for a privacy issue the company says it fixed a year ago. Europe has been increasing its fines as regulators crack down on American tech companies. Italy slapped Amazon (AMZN) – Get Amazon.com Inc. Report with a $1.3 billion fine for crowding out its competitors by favoring third-party sellers that use the company’s logistics services. Earlier this year, the EU Commission adopted the Digital Markets Act, which aims to make the tech sector “fairer and contestable” by creating a segment for large tech companies called “gatekeep…

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