The agency confirmed to Insider that the Data Protection Commission fined Meta a large amount on Monday.
The Irish DPC regulates Meta because their headquarters are in the country.
The DPC fined the social network for not protecting children's privacy. The reason for the fine was the fact that children could operate business accounts on the platform. Data was exposed when the phone number and email address of the account holder were shown.
The accounts of 13 to 17 year olds were set to public as their default setting according to the DPC.
The details of the ruling will be published next week.
"This inquiry focused on old settings that we updated over a year ago, and we have since released many new features to help keep teens safe and their information private."
Users under the age of 18 have their accounts set to private. Users under the age of 18 are not allowed to privately message adult users.
We disagree with the way the fine was calculated and will appeal it. The rest of the decision is being reviewed.
The second-largest fine under Europe's data protection laws was given to a tech company. The largest fine was given to Amazon.
Meta is getting fined for DPC. The DPC imposed a 17 million euro fine on the tech giant for failing to protect user data.
In September 2021, it was fined $266 million for not being transparent with users about how their data was shared.
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