However, Meta was not completely defeated by the ruling. While the appeals panel ruled in favor of the CMA on five of the six claims, it did decide that the CMA neglected to properly notify Meta of Snapchat’s acquisition of Gfycat for nearly a year after becoming aware of the ruling, undercutting the company’s case. In collaboration with Meta and the CMA, the tribunal will consider how to correct this error in the coming weeks.
