Britain on Friday ordered Facebook parent Meta to pay another £1.5 million for breaching regulatory rules over its acquisition of animated graphics startup Giphy.
The Competition and Markets Authority said in a statement that Meta had failed to alert the regulator in advance of three key staff leaving Giphy as it probed the transaction.
For all latest news, follow The Daily Star’s Google News channel. The penalty, equivalent to $2.0 million or 1.8 million euros, comes after the CMA had already fined the group £50.5 million last October for failing to supply information linked to the deal.
“This is not the first time Meta failed to inform the CMA of staff changes at the appropriate time, having failed to do so multiple times in 2021,” the watchdog said on Friday.
The penalty took into account the “nature and gravity of the breach in question”.
In reaction, Meta said it would pay up — but described the fine as “problematic”.
“We are disappointed by the CMA’s decision to fine us because of the voluntary departure of US-based employees,” said a company spokesperson.
“We intend…
