The United Kingdom’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. The Competition and Markets Authority said Tuesday that the deal would let Facebook, which has been renamed Meta, “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It’s reportedly the first time the watchdog has sought to unwind a tech deal.
Science & Technology
Nobel Prize in Physiology or Medicine 2021 jointly awarded to David Julius and Ardem Patapoutian
The Nobel Prize in Physiology or Medicine 2021 was jointly awarded to David Julius and Ardem Patapoutian for their discoveries of receptors for temperature and touch. Speaking on the occasion, the Nobel jury said, “The […]
Indian Americans
Indian American Democrat Sameena Mustafa loses Illinois 5th District Primary
CHICAGO (TIP): Sameena Mustafa, an Indian American democrat who challenged incumbent Mike Quigley in the 5th Congressional District of Illinois, was defeated in the Democratic primary election held on Tuesday, March 20. Mustafa finished second in the […]
Business & Economics
Microsoft names CEO Satya Nadella as chairman
Microsoft Corp on Wednesday, June 16, named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental […]
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