The UK Competition and Markets Authority (CMA) on Tuesday ordered Facebook s parent company Meta to sell online database and search engine Giphy, as the $315 million acquisition could harm social media users and UK advertisers.
LONDON (AP) 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.