WhatsApp Ireland sees profits increase after cutting provisions set aside for fines
Profits at WhatsApp Ireland surged in 2022 to €41.1m after the company slashed administrative expenses, particularly the cash set aside to pay regulatory fines, new company accounts show.
In January 2022, the Data Protection Commissioner (DPC) fined WhatsApp €5.5m for breaches of GDPR legislation. WhatsApp and its parent company Meta — which also owns Facebook and Instagram — have faced numerous fines in recent years from the DPC over a range of issues.