Thursday, December 9, 2021
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Facebook Fined Over 520 Crore by British Regulator for Violation of Rules

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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.

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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.

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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.

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