Facebook fined Rs 520 crore for this little mistake

Facebook, the world's leading social media platform, has been fined heavily. They will have to pay the penalty in connection with the GIF. In fact, GIFs are very small videos, which are about 1-2 seconds. It repeatedly mentions one of the actions. The GIF is now on several platforms, including Facebook, but the penalty has just been patted on Facebook.

In fact, a penalty of 50.5 million GBP (about Rs 520 crore) has been imposed on Facebook chief Mark Zuckerberg's company Facebook. Actually, Facebook is accused of violating the rules. Details of Giphy acquired by Facebook were sought from the Competition and Markets Authority, which have not been provided by Facebook. Its regulatory authority took the decision and announced a fine of Rs 520 crore on Facebook.

The same CMA has been told that despite knowing everything, Facebook has ignored the rules, after that the regulator has fined Facebook. According to the CMA, no company is above the rules. The CMA said GIFs was acquired by Facebook and did not provide details. Also, in the investigation process, it was found that the Facebook company has also failed to operate Giphy with its platform. Preparations are underway for the company's re-branding from Facebook. In such a situation, Facebook can be relaunched with a new brand name.

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