Meta has been fined £1.5 Million, by CMA, for breaching the Initial Enforcement Order (IEO) again , for not informing CMA about the resignation of 3 key employees and the reallocation of their roles, which Meta was required under the IEO. Meta was fined first time, for £50 Million, for breach of IEO in October, after it significantly limited the scope of compliance reports.
IEOs are issued by CMA, UK, at the start of the investigation into a completed merger, to ensure the companies involved in the merger continue to compete with each other as they would have before the deal took place.
