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Facebook-owner Meta says it will pay new $2 million UK fine

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Reuters
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Fri, 2022-02-04 10:10

LONDON: Britain’s competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the US firm said it would accept.
Britain’s Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years, investigating their dominance of markets such as digital advertising and seeking to block the Facebook-Giphy deal.

The CMA said on Friday that Meta had failed to comply with certain aspects of its requirements. (AFP)
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