financetom
Business
financetom
/
Business
/
Turkish antitrust authority ends Meta probe over Threads data-sharing
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Turkish antitrust authority ends Meta probe over Threads data-sharing
Dec 5, 2024 12:51 AM

ISTANBUL, Dec 5 (Reuters) - Turkey's competition board

said on Thursday that it has decided to terminate an

investigation of Meta Platforms ( META ) regarding data-sharing

between social media platforms Threads and Instagram.

Commitments presented by the company to address competition

concerns are sufficient and hence the authority decided to end

the investigation, it said in a statement.

As part of the commitments Meta sent to the authority, both

existing Threads users and new users will be able to use the

platform by opening a Threads profile without requiring an

Instagram account, when the app is reinstated for access in

Turkey.

Meta told the antitrust authority that unless the users in

question choose to merge their accounts, their data obtained

through Threads will not be merged with Instagram.

The board launched the investigation into Meta last year

over a possible violation of competition law related to the

linking of its social media platforms.

In April, Meta temporarily shut down its Threads social

media platform in Turkey to comply with an interim order from

the Turkish competition authority.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Frequency Electronics Fiscal Q3 Earnings, Revenue Fall; Announces Contract Awards of $45 million
Frequency Electronics Fiscal Q3 Earnings, Revenue Fall; Announces Contract Awards of $45 million
Mar 11, 2026
04:18 PM EDT, 03/11/2026 (MT Newswires) -- Frequency Electronics ( FEIM ) reported fiscal Q3 net income late Wednesday of $0.16 per diluted share, down from $1.60 a year ago. Two analysts polled by FactSet expected $0.31. Revenue for the quarter ended Jan. 31 was $16.9 million, down from $18.9 million a year earlier. Two analysts surveyed by FactSet expected...
Canadian pension fund HOOPP says it has the capital to invest in Canada, awaits Ottawa's plan 
Canadian pension fund HOOPP says it has the capital to invest in Canada, awaits Ottawa's plan 
Mar 11, 2026
* HOOPP invested 49% of funds in Canada, 29% in U.S. in 2025 * Awaits Ottawa's clarity on investment requirements for megaprojects * HOOPP is open to regulated infrastructure investments aligning with 2030 climate goals By Nivedita Balu TORONTO, March 11 (Reuters) - Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP) is ready to invest capital in Canadian infrastructure...
Guardian Pharmacy Services Q4 Earnings, Revenue Rise
Guardian Pharmacy Services Q4 Earnings, Revenue Rise
Mar 11, 2026
04:18 PM EDT, 03/11/2026 (MT Newswires) -- Guardian Pharmacy Services ( GRDN ) late Wednesday reported a fiscal Q4 net income late Wednesday of $0.33 per share, up from $0.19 a year earlier. Analysts polled by FactSet expected $0.27. The company also reported an adjusted EPS of $0.37 per share, up from $0.25 a year earlier. Revenue for the quarter...
UiPath Fiscal Q4 Non-GAAP Earnings, Revenue Rise
UiPath Fiscal Q4 Non-GAAP Earnings, Revenue Rise
Mar 11, 2026
04:20 PM EDT, 03/11/2026 (MT Newswires) -- UiPath ( PATH ) posted fiscal Q4 non-GAAP net income late Wednesday of $0.30 per diluted share, up from $0.26 a year earlier. Analysts polled by FactSet expected $0.26. Revenue for the quarter ended Jan. 31 rose to $481.1 million from $423.6 million a year earlier. Analysts surveyed by FactSet expected $464.9 million....
Copyright 2023-2026 - www.financetom.com All Rights Reserved