Wednesday, 20 October 2021

UK fines Facebook £50.5 mn over Giphy takeover breach

Britain’s competition watchdog said Wednesday it had fined the social network giant Facebook more than £50 million for failing to supply information linked to its takeover of animated graphics startup Giphy. The Competition and Markets Authority said the fine totalling £50.5 million ($69.5 million, 60 million euros) was imposed for “consciously refusing to report all […]

from Daily Times https://ift.tt/3E1xhm2

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