Social media giant Facebook has been fined £50.5 million ($69.1 million) for breaching an order imposed by the U.K. Competition and Markets Authority (CMA) during its ongoing investigation into Fac…
earlier this year. The CMA provisionally found that the merger would negatively impact competition between social media platforms, something that Facebook disagrees with.
Facebook is required, as part of the process, to provide the CMA with regular updates outlining its compliance with the IEO. Facebook “significantly limited the scope of those updates, despite repeated warnings from the CMA,” the authority said.
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