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.
History
Sant Kabirdas Jayanti
Indian Americans
Indian American Hasan Minhaj to host a weekly comedy show on Netflix
WASHINGTON (TIP) : Indian American comedian Hasan Minhaj is all set to host his first weekly comedy show on Netflix. Minhaj, a correspondent with The Daily Show, is the first Indian American to host a […]
Bollywood
Urvashi Rautela collaborates with ‘Talk dirty to me’ hitmaker Jason Derulo
Actress Urvashi Rautela has announced collaboration with popular singer Jason Derulo, known for belting out hits such as ‘Talk dirty to me’, ‘Wiggle wiggle’, ‘Swalla’ and ‘Trumpets’ among many others, for their upcoming music single. […]
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