UK fines Facebook $69.4 million for failing to supply data

Oct 20, 2021, 5:53 AM | Updated: Oct 22, 2021, 10:41 am

LONDON (AP) — Britain’s competition watchdog fined Facebook 50.5 million pounds ($69.4 million) on Wednesday for violating rules during the U.K. investigation into the social media giant’s purchase of Giphy.

The Competition and Markets Authority said Facebook failed to provide required information during the probe. It said it gave the platform multiple warnings and “considers that Facebook’s failure to comply was deliberate.´´

The authority said it was the first time a company had been found to breach a so-called initial enforcement order by consciously refusing to report required information. Such orders are standard practice at the start of an investigation into a completed merger and are meant to prevent companies from further integrating while the probe takes place.

The company was fined 50 million pounds for breaching the order, and another 500,000 pounds for changing its chief compliance officer twice without consent.

“We warned Facebook that its refusal to provide us with important information was a breach of the order but, even after losing its appeal in two separate courts, Facebook continued to disregard its legal obligations,” Joel Bamford, senior director of mergers at the CMA said in a statement. “This should serve as a warning to any company that thinks it is above the law.”

Facebook said it would review the decision and consider its options.

“We strongly disagree with the CMA’s unfair decision to punish Facebook for a best effort compliance approach, which the CMA itself ultimately approved,” the media giant said.

The authority launched an investigation in June last year into the takeover of the GIF-sharing platform amid worries about a “substantial lessening of competition.´´

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - The former first lady Rosalynn Carter speaks to the press at conference at The Carter Center...
Associated Press

Rosalynn Carter marking 95th birthday with butterflies

Rosalynn Carter, the second-oldest U.S. first lady ever, turns 95 Thursday on a birthday that will be marked not just with cards and best wishes, but with butterflies. The wife of former President Jimmy Carter, 97, has a fascination with butterflies dating back to childhood, when she was entranced by the colorful insects flitting around […]
22 hours ago
FILE - Wisconsin Assembly Speaker Robin Vos talks to the media after Gov. Tony Evers addressed a jo...
Associated Press

Post-Roe differences surface in GOP over new abortion rules

MADISON, Wis. (AP) — When the U.S. Supreme Court repealed in June a woman’s constitutional right to an abortion, Wisconsin’s 1849 law that bans the procedure except when a mother’s life is at risk became newly relevant. Republicans in the Legislature blocked an attempt by Democratic Gov. Tony Evers to overturn the law. Yet there’s […]
22 hours ago
A cow crosses the Jordan River near Kibbutz Karkom in northern Israel on Saturday, July 30, 2022. S...
Associated Press

Mideast’s Jordan River: Rich in holiness, poor in water

ALONG THE JORDAN RIVER (AP) — Kristen Burckhartt felt overwhelmed. She needed time to reflect, to let it sink in that she had just briefly soaked her feet in the water where Jesus is said to have been baptized, in the Jordan River. “It’s very profound,” said the 53-year-old visitor from Indiana. “I have not […]
22 hours ago
Associated Press

Today in History: August 18, 19th Amendment is ratified

Today in History Today is Thursday, Aug. 18, the 230th day of 2022. There are 135 days left in the year. Today’s Highlight in History: On Aug. 18, 1587, Virginia Dare became the first child of English parents to be born in present-day America, on what is now Roanoke Island in North Carolina. (However, the […]
22 hours ago
Associated Press

Heavy rains pelt New Zealand, forcing hundreds to evacuate

WELLINGTON, New Zealand (AP) — Heavy rain continued to pelt New Zealand on Thursday, causing further disruptions and road closures from a storm that has already forced hundreds of people to evacuate their homes. Residents in the northern part of North Island found themselves isolated after landslides, fallen trees and floodwaters blocked highway access. The […]
22 hours ago
FILE - Nevada Gov. Steve Sisolak speaks during a news conference on April 29, 2021, in Las Vegas. S...
Associated Press

Nevada gov vows to codify order protecting patients into law

RENO, Nev. (AP) — Nevada Gov. Steve Sisolak said Wednesday that if he wins re-election he would seek to codify in law next legislative session an order he signed that protects in-state abortion providers and out-of-state patients. “Governors are the last line of defense in protecting reproductive freedoms,” he said. “The buck stops with us.” […]
22 hours ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Ways to prevent clogged drains and what to do if you’re too late

While there are a variety of ways to prevent clogged drains, it's equally as important to know what to do when you're already too late.
...
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
...
CANVAS ANNUITY

Best retirement savings rates hit 4.30%

Maximize your retirement savings with guaranteed fixed rates up to 4.30%. Did you know there is a financial product that can give you great interest rates as you build your retirement savings and provide you with a paycheck for life once you retire? It might sound too good to be true but it is not; this product is called an annuity.
UK fines Facebook $69.4 million for failing to supply data