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Tag: Giphy

  • UK Anti-Trust Regulator Orders Meta to Sell Off Giphy

    UK Anti-Trust Regulator Orders Meta to Sell Off Giphy

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    by

    Khushal
    in

    The United Kingdom’s anti-competitive watchdog has ordered Facebook’s parent company, Meta, to sell off the popular GIF sharing platform Giphy. In a statement, the Competition and Markets Authority (CMA) announced that it found Facebook’s acquisition of Giphy “concerning” and harmful to competition between social media platforms. Furthermore, the CMA said that its “concerns can only be…