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