UK watchdog tells Facebook to sell Giphy

Updated November 30 2021 - 10:18pm, first published 10:15pm
The UK antitrust watchdog says Facebook's purchase of Giphy hurts social media users and advertisers
The UK antitrust watchdog says Facebook's purchase of Giphy hurts social media users and advertisers

The UK's antitrust watchdog has blocked Facebook's acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images.

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