FILE PHOTO: Meta logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
SÃO PAULO - Meta Platforms faces a fine of up to $3.62 million after losing a lawsuit by Brazilian department store chain Havan that accused the social media company of accepting paid advertisements that fraudulently use the retailer's name to deceive consumers.
A Santa Catarina state judge ruled on Monday that Meta had 48 hours to block ads that Havan did not contract and which mention it or its owner, billionaire Luciano Hang. If Meta does not comply, fines can go up to 20 million reais.
