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Facebook may be forced to sell Giphy following UK regulator findings
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Facebook may be forced to sell Giphy following UK regulator findings
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13th August 2021, 07:14
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,652
 |  Facebook may be forced to sell Giphy following UK regulator findings The UK's competition regulator has found that Facebook's acquisition of GIF-sharing platform Giphy will harm competition within social media and digital advertising. As part of its provisional decision, the watchdog voiced concerns that Facebook could prevent rivals including TikTok and Snapchat from accessing Giphy, a service they already use. It added that Facebook could also require customers of the GIF platform to hand over more data in return for access. If its objections are confirmed as part of the ongoing review, the regulator said it could force Facebook to unwind the deal and to sell off Giphy in its entirety. https://www.engadget.com/facebook-gi...1.html?src=rss |
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