Facebook fined $70 mln in Britain for breaching order in Giphy deal
The Hindu
Facebook had refused to report all the required information, despite multiple warnings, the CAM said, and it therefore considered the failure to comply deliberate.
Britain's competition regulator has fined Facebook 50.5 million pounds ($69.6 million) for breaching an order imposed during its , the agency said on Wednesday.
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The Competition and Markets Authority (CMA) said Facebook had deliberately , and the penalty served as a warning that no company was above the law.
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