Facebook has been fined £50.5 million by the British government for breaching an order imposed by the Competition and Markets Authority concerning the tech giant’s purchase of video database company Giphy.
The Competition and Markets Authority (CMA) contended that Facebook consciously failed to provide the British regulator with all the information required. In a statement, the regulator said that Facebook’s decision not to comply with its demands were seemingly “deliberate” as the tech giant had been given multiple warnings already.
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