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Violation Tracker UK Individual Case

Company: Meta Platforms, Inc. and Tabby Acquisition Sub Inc. and Facebook UK Ltd.
Current Parent Company: Meta Platforms Inc.
Parent at the Time of the Penalty Announcement: Meta Platforms Inc.
Penalty: £1,500,000
Year: 2022
Date: 4 February, 2022
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Meta was fined £1.5 million in an order by the CMA finding the company failed to inform them of material changes to the business (the resignation of 3 key employees) as required during a merger investigation.
Action Type: agency action
Agency: Competition and Markets Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: information technology
Specific Industry of Parent: internet services
Source of Data: (click here)