Facebook (FB) takeover of Giphy raises competition concerns, says U.K.'s CMA
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall St ends higher as stocks reclaim some shine
- Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition
- Snowflake soars 20% on earnings beat and raised guidance
- Oil settles 1% higher, as US-Iran strikes threaten supplies
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Crude Inventory Fell 4.5M Barrels Last Week - EIA
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- TScan cuts 75% of workforce, pivots to solid tumor cell therapy
UK May Push Facebook (FB) to Sell Giphy Over Competition Concerns
August 12, 2021 8:48 AM EDTFacebook (NASDAQ: FB) may be forced to divest the GIF website Giphy, according to the latest news from the UK.
The UK's Competition and Markets Authority (CMA) said today that the deal between two companies will harm competition between social media platforms and remove a potential challenger in the display advertising market.
If these concerns are ultimately confirmed, Facebook would be asked to unwind the deal and sell off Giphy in its... More
