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UK Regulator Orders Meta (Formerly Facebook) To Sell Giphy, Calls 2020 Deal Anticompetitive

UK Regulator Orders Meta (Formerly Facebook) To Sell Giphy, Calls 2020 Deal Anticompetitive

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UK regulators today ordered Meta, formerly Facebook, to unwind its acquisition of popular GIF-making and sharing app Giphy after concluding the deal was anticompetitive – a significant call amid rising pressure on both sides of the Atlantic to rein in the power of the social media giant, including by breaking it up. “We have decided…

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