11:24 AM EST, 11/18/2024 (MT Newswires) -- The Competition Commission of India instructed Meta Platform's (META) WhatsApp to refrain from sharing user data for advertising purposes with other applications owned by the social media company for a period of five years, Reuters reported Monday.

The competition watchdog also levied a $25.4 million fine on the US tech giant over antitrust violations, according to the report.

Meta did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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