Technology

Facebook fined £1.5m after breaking UK rules – here’s why

FACEBOOK has been penalized ANOTHER TIME for its takeover of GIF site Giphy.

The UK’s competition watchdog has demanded £1.5m from tech giant Meta’s owner in the latest row on the deal.

Meta fined £1.5 million

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Meta fined £1.5 millionCredit: AFP

Officials were upset when the company made a staff change after ordering the merger to be split up.

The social network is supposed to alert the Competition and Markets Authority (CMA) before making any major changes under the strict rules.

The regulator ordered Meta to sell Giphy over competition concerns late last year, which the company is in the process of appealing.

Meta seems to be keeping quiet about the resignation of three key employees and reallocating their roles.

It reacted back at the latest move, saying they basically disagreewith the decision to block the acquisition of Giphy.

Joel Bamford from CMA said: “Meta did not notify us in advance of significant changes in their staff, despite knowing they were required to do so.

“This is not the first time this has happened.

“Initial enforcement orders are an integral part of our merger toolkit and ensure the CMA can take effective action if we become aware of competition concerns.

“Violations like these threaten our ability to maintain competitive interests for those who use these products and services.”

Meta was fined £50m for breaching another part of the order, despite repeated warnings.

A company representative said: “We are disappointed by the decision of the CMA to penalize us for the voluntary departure of our US-based employees.

“We intend to pay the fine, but the problem is that the CMA can make decisions that could directly affect our US employees’ rights to be protected under US law.”

Facebook's Owner Meta Bought GIPHY For $400 Million

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Facebook’s Owner Meta Bought GIPHY For $400 MillionCredit: AFP

In other news, Apple has revealed a bunch of New emojis for iPhoneincludes a pregnant man and two saucy icons.

Experts have warned that the future Space launches can be dangerous if “stupid” regimes like Russia don’t stop blowing up the sky creating debris.

And most popular phone since a millennium has been announced, with many people shocked to learn it’s not an iPhone.


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https://www.the-sun.com/tech/4611237/meta-facebook-fined-1-5million-giphy-merger/ Facebook fined £1.5m after breaking UK rules – here’s why

TaraSubramaniam

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