Facebook could have to sell Giphy
Facebook could be forced to sell Giphy. The social networking platform acquired the search engine for Gifs for a reported $ 400 million last year – but the Competition and Markets Authority has observed that Facebook's ownership of Giphy “could lead it to deny other platforms access to its Gifs ”. Now, the Competition and Markets Authority is engaged in a consultation that could ultimately lead to Facebook being forced to sell the firm. The organization has already warned that Facebook could theoretically stop other platforms from using the service. What's more, it's been suggested that Facebook… → Continue reading
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