Facebook Fined 70 Million For Deliberate Breach Of Orders
In June 2020, the CMA had issued an initial enforcement order (IEO) to Facebook after it announced the Giphy acquisition. These types of orders prevent companies from merging while an investigation is ongoing. The companies would require to function as they would have without the merger for as long as the investigation isn’t complete. As part of this process, Facebook was required to provide regular updates to the CMA about its compliance with the IEO....