Meta faces $3.6 million fine in Brazil for allowing bogus ads

Meta faces a fine of up to 20 million reais ($3.62 million) after losing a lawsuit in Brazil, by a department store that accused the company of accepting paid advertisements that fraudulently used the retailer’s name to deceive consumers.

In her ruling, Judge Joana Ribeiro said it was unacceptable for Meta to sell ads in an insecure way to sustain its business model. The department store, Havan, called the decision a “landmark” in protecting the company’s rights.

Meta declined to comment, but can appeal the decision.


Chinese EV makers suffer setback in Europe

Chinese automakers registered fewer electric cars across Europe in July, as new tariffs amplified the impact of a broader slump in EV sales.

Chinese brands accounted for 9.9% of EV registrations in the region, down from 10.2% in July 2023, according to Dataforce. Overall demand for EVs continued to weaken after Germany, Europe’s largest auto market, removed incentives.

But Chinese automakers and their European counterparts that import battery-electric cars into the EU have been scrambling to adjust to the introduction of new tariffs, that raised duties on Chinese-made EVs to as high as 48%.