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UK’s antitrust watchdog orders Facebook to sell Giphy

UK's antitrust watchdog orders Facebook to sell Giphy

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In a significant push against big tech’s ability to maintain market dominance through sheer buying power, the UK’s competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy — confirming the Financial Times‘ earlier reporting. The Competition and Markets Authority (CMA) said its phase 2 investigation cemented earlier competition […]

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