In a significant push against Big Tech’s ability to maintain market dominance through sheer buying power, the U.K.’s competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy — confirming the Financial Times’ earlier reporting.
The Competition and Markets Authority (CMA) said its phase 2 investigation cemented its earlier competition concerns about the impact of Meta owning and operating Giphy — and it’s now ordering Meta to sell Giphy.
Click here to read more.
No comments on this item Please log in to comment by clicking here

Other items that may interest you
See More Jobs
Read more E&P Exclusive Stories
READ MORE INDUSTRY NEWS
See more NewsPeople
See More Partner News

source