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.
Entertainment
Chris Hemsworth didn’t eat meat to kiss vegan Natalie Portman in Thor 4
Natalie Portman talked about her kissing scene with Chris Hemsworth in Thor: Love and Thunder. She said that Chris didn’t eat meat before they shot their kissing scene because she is a ‘vegan’. She also […]
Science & Technology
Microsoft may bring ChatGPT Bing AI to Android, iOS soon
Microsoft has started rolling out the new ChatGPT-powered Bing on desktops to early testers worldwide, and it will also be available on Android and iOS in the coming weeks, the media reported. The tech giant […]
Be the first to comment