UK orders Facebook to unwind 2020 Giphy deal as antitrust regulators seek to limit scale of Big Tech

Source: Tech – South China Morning PostFew would have predicted that short video loops of Kanye West or cats furiously typing on laptops would be the final straw for competition regulators.Yet on Tuesday, the UK ordered Meta’s Facebook to sell Giphy, the animated file search engine it bought for US$315 million in 2020, in part because the deal would attract even more users to Meta’s portfolio of products.Giphy gives users access to millions of GIFs, video clips often used to communicate in the digital age.The decision from the…Read More

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