The Register: Facebook fined peanuts after Giphy staff quit and firm didn’t tell UK competition regulators

The Register: Facebook fined peanuts after Giphy staff quit and firm didn’t tell UK competition regulators. “The latest £1.5m ($2.03m) fine was imposed after three key staffers left Giphy. The CMA had imposed a legal order on Facebook owner Meta (2021 profit: $39bn) forcing the US giant to reveal if any ‘staff in positions of executive or managerial responsibility and/or whose performance affects the viability of the business’ resigned.”

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