UK competition watchdog fines Facebook $69.5M for 'consciously refusing to report all the required information' concerning takeover of animated graphics startup Giphy
The fine comes as Facebook faces a storm of criticism since a whistleblower leaked internal studies showing the company knew its sites could be harmful to young people's mental health.
The Competition and Markets Authority said on Wednesday the fine was imposed for "consciously refusing to report all the required information" concerning the purchase last year. The CMA said it was the first time a company had been found to have consciously breached such an order.
France Dernières Nouvelles, France Actualités
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