News

UK Anti-Trust Agency Orders Meta/Facebook to Sell Giphy

December 3, 2021
Here’s a de-acquisition story just to mix things up: the United Kingdom’s Competition and Markets Authority has ordered Meta, owner of Facebook, to reverse last year’s purchase of animated GIF distributor Giphy.  The Authority felt the deal reduced potential competition for ad sales and could let Facebook/Meta reduce other competitors’ access to Giphy GIFs or demand more data from them.  It’s one more sign that regulators everywhere are turning on Meta/Facebook after years of neglect.
CDPI Newsletter

China isn’t letting Tencent update its apps or release new ones as part of its crackdown on big tech

December 2, 2021
Beijing has instructed Chinese tech giant Tencent to stop releasing any new apps or app updates so that the authorities can inspect its products, according to reports from multiple local outlets. This decision comes as China introduced a new privacy law this month that restricts what companies and individuals can do with personal data — the latest in the country’s crackdown on big tech’s once-unchecked growth.
CDPI Emerging Markets