Facebook Fined £50m By UK Competition AuthorityFacebook has been fined £50.5m ($69.6m) by the UK’s Competition Markets Authority (CMA) for breaching an order imposed during an investigation into the purchase of Giphy.
The penalty should be a warning that no company is above the law, said the CMA, which claimed Facebook had failed to provide full updates about competition compliance relating to the acquisition of the gif platform.
Separately, the CMA fined Facebook £500,000 ($688,000) for changing its Chief Compliance Officer on two separate occasions without seeking consent.‘Salisbury Poisonings’ Producer Launches BursarySalisbury Poisonings producer Dancing Ledge Productions has launched a bursary for UK creatives in memory of the woman
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