Instagram (Meta) gets fined $402 million

Authorities claim the firm handled children's personal information improperly.

Yesterday's Labor Day festivities at Meta were cut short when the European Union levied a $402 million punishment against the business.

Instagram users as young as 13 were given access to Business accounts by the social network,

which is suspected of improperly handling children's private data. This posed a threat of disclosing their email addresses

and phone numbers to the general public, which would have violated the GDPR system in place in the EU.

A spokeswoman for Meta stated that the verdict was being reviewed and that the punishment pertained to settings altered more than a year ago.

The fine, which is the largest Meta has ever received, is the second-largest the EU has ever imposed for a GDPR violation.