Meta Hit with Fines by Türkiye after Refusing to Restrict Content on Facebook, Instagram

Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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Meta Hit with Fines by Türkiye after Refusing to Restrict Content on Facebook, Instagram

Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Meta said it has been hit with a hefty fine for resisting Turkish government demands to limit content on Facebook and Instagram.

“We pushed back on requests from the Turkish government to restrict content that is clearly in the public interest, and have been fined by them as a consequence,” the company said in a statement.

The social media company did not disclose the size of the fine, except to say it was “substantial” and did not provide any more details about the content in question. The Associated Press has approached the Turkish government for comment.

“Government requests to restrict speech online alongside threats to shut down online services are severe and have a chilling effect on people’s ability to express themselves,” Meta said.

In recent years the Turkish government has increasingly sought to bring social media companies under its control. When protests erupted following the March 19 arrest of opposition Istanbul Mayor Ekrem Imamoglu, many social media platforms such as X, Instagram and Facebook were blocked.

More than 700 individual X accounts, including those belonging to journalists, media outlets, civil society organizations and student groups, were blocked, according to the Media and Law Studies Association. X said it would object.

Dozens have been arrested for social media posts deemed to be supporting the protests.



Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
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Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)

Samsung Electronics on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier, missing analysts' estimates by far.

Its chip business struggled with weak sales of artificial intelligence chips, dogged by delays in the supply of its latest chips to Nvidia and continued losses in its contract chip manufacturing business, analysts said.

The world's largest memory chipmaker estimated an operating profit of 4.6 trillion won for the April-June period, versus a 6.2 trillion won LSEG SmartEstimate.

That would compare with 10.4 trillion won in the same period a year earlier and 6.7 trillion won in the preceding quarter.

Revenue would likely fall 0.1% to 74 trillion won from a year earlier, the filing showed.

Samsung is expected to release detailed results, including a breakdown of earnings for each of its businesses, in late July.