meta was ordered to sell Giphy

Question

meta bought it for $315 million back in 2020. ppl don't even use gifs like that anymore. meta is taking L's left and right. https://qz.com/meta-forced-to-sell-giphy-1849671533

vn42ybrD · Accepted Answer

Meta is always looking to bend the rules in its favor. This one sent me. Tech giants abusing their power and really trying to monopolize innovation.

"Some creative accounting by Meta allowed the Giphy deal to fly under the US Federal Trade Commission’s threshold for reviewing mergers, but the British authorities flexed their muscles and took up the case."

iguanafan · Answer

In other news, meta is also fighting a lawsuit that would force them to spin off WhatsApp and Instagram. FTC could go to trial in 2024. The FTC is finally putting it's foot down to end this buy or bury strategy from big tech and Zuck is #1 on their list.

L0f3h9a · Answer

I create content on social for a F500 and giphy is probably the most annoying source to get gifs. They make it difficult and the quality available doesn't compare to doing a simple google search.

LL9f224uh9b · Answer

They are taking bad hit after bad hit. Metaverse is a dumpster fire too.

WhyDoINeedAUsername · Answer

"Meta’s takeover of Giphy could decrease competitors’ access to GIFs"I thought Liz's government was collapsing, but they're clearly on top of things 💪But seriously, why does the UK government have authority to block an American company buying another American company?

meta was ordered to sell Giphy

Meta was ordered to sell off its GIF empire

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