UK regulator fines Facebook with £50.5 million; Says ‘No company is above the law’
UK’s Competition and Markets Authority (CMA) has fined Facebook a mammoth £50.5 million (€60 million approx.) for breaching an order imposed during an investigation about the company’s purchase of GIF platform Giphy. Facebook had deliberately failed to comply with this order, and the penalty served as a warning that no company was above the law- … Read more