Giphy deal: Facebook fined USD 70 million

Published: Oct 21, 2021, 09:35 AM(IST) WION Video Team
A UK watchdog has fined Facebook 50.5 million pounds ($69.4 million) for violating rules during the U.K. investigation into the social media giant’s purchase of Giphy. Reportedly, the fine has been imposed after Facebook failed to provide required information during the probe.
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