Saturday, August 20, 2022
HomeTechnologyFacebook Fined Over 520 Crore by British Regulator for Violation of Rules

Facebook Fined Over 520 Crore by British Regulator for Violation of Rules

Advertisements
Advertisements

A heavy fine has been imposed on Facebook, the giant platform of the social media world. He will have to pay this fine for the GIF. GIF is a brief video, which is about 1-2 seconds. In this, one action is shown repeatedly. Although this GIF is now on many platforms, including Facebook, but has been fined on Facebook. Let’s know the whole matter.

Facebook Fined Over 520 Crore

Facebook chief Mark Zuckerberg’s company Facebook has been fined 50.5 million GBP (about Rs 520 crore). Facebook is accused of violating the rules. The Competition and Markets Authority (CMA) had sought information about Giphy acquired by Facebook, which Facebook has not provided. Its regulatory authority took the decision and announced a fine of Rs 520 crore on Facebook.

The news agency AFP quoted CMA as saying that Facebook has ignored the rules despite knowing everything, after which the regulator has fined Facebook. According to the CMA, no company is above the rules.

Advertisements

The CMA said that Giphy was acquired by Facebook and did not provide its information. Also, in the investigation process, it was found that the Facebook company has also failed to operate Giphy with its platform.

Facebook may get new.

Preparations are underway for the company’s re-branding from Facebook. In such a situation, Facebook can be relaunched with a new brand name. Facebook is expanding its business rapidly. For this, the company has decided to do re-branding on the lines of Google. With the introduction of the new brand name of Facebook, Facebook, Instagram and WhatsApp will work under the same company.

Advertisements
Ashish Kumar Mishra
Ashish Kumar Mishrahttps://www.spotnews18.com/
Ashish Kumar Mishra is the Founder and CEO at Spot News 18. He created Spot News 18 on 30 June 2019. His intention to make these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website reach to all parts of the world.

Related News

LATEST NEWS

Fans Were Shocked To See This Photo Of Salman Khan; The Look Was So Changed

Bollywood superstar Salman Khan fans eagerly await their favourite stars' films. The actor has announced many movies in 2022, i.e. this year, including films...

IRCTC To Earn Money By Selling Data Of Rail Passengers? 1000 Crore Plan

On the morning of 19 August, the share of IRCTC (Indian Railway Catering and Tourism Corporation) saw a rise of 4%. The share of...

Most Horrific Rape Scene Shown In This Film, Due To This Scene This Action Was Taken

Most Controversial Scene: Movies mirror society, but they have to go through the Censor Board, which decides what kind of audience the film is...

Malaika Arora Stunned After Seeing Nude Photo Of Bollywood Actor, Made Such A Comment

Rahul Khanna Bold Photo: Late actor Vinod Khanna and Bollywood actor Rahul Khanna become a topic of discussion on their social media daily. Recently,...

Baba Nirala’s Babita Got Addicted To This Thing; Now She Is Not Able To Control!

Aashram Fame Babita: Tridha Choudhury came into the limelight by giving bold scenes in the 'Ashram' web series with Baba Nirala. In this web...

STAY CONNECTED

FansLike
FollowersFollow
FollowersFollow
FollowersFollow