META FACES TURKISH COMPETITION AUTHORITY INJUNCTION AND FINES OVER DATA SHARING PRACTICES

On 18 March 2024, the Turkish Competition Authority ("TCA") has issued an interim injunction against Meta Platforms, Inc. halting the sharing of data between Instagram and Threads. Additionally, Meta faces an administrative fine of around TRY 4.8 million due to its inadequate response to alleviate anti-competitive concerns.