10/20/2023 0 Comments Curious george episodes giant foodLast year, the Federal Trade Commission sued to break up Facebook in U.S. lawmakers and regulators have also called for Facebook to be broken up, pointing to its acquisitions of Instagram and WhatsApp, and accusing the company of purposefully stifling competition by snapping up promising rivals. Facebook acquired the venture-backed startup in May of 2020 for $400 million. ![]() The CMA recently fined Facebook £50.5 million (just under $70 million) for breaching an initial enforcement order related to the deal. The decision wasn’t total surprise, following provisional findings issued in August. ![]() This would be the first time the CMA has attempted to unwind a completed acquisition by a tech giant.
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