𝙻𝚒𝚔𝚎 𝙼𝚘𝚜𝚝 𝙾𝚏 𝙱𝚒𝚐 𝚃𝚎𝚌𝚑, 𝙵𝚊𝚌𝚎𝚋𝚘𝚘𝚔 𝙷𝚊𝚜 𝙰𝚌𝚚𝚞𝚒𝚛𝚎𝚍 𝙳𝚘𝚣𝚎𝚗𝚜 𝙾𝚏 𝙲𝚘𝚖𝚙𝚊𝚗𝚒𝚎𝚜
Speaking of Facebook, recently they were told it wasn't allowed to rule the world of GIFs. The UK's competition regulator (CMA) announced that Facebook (technically, Meta) will have to unwind its ~$400m acquisition of Giphy.
The CMA decided that Facebook's ownership of Giphy could stifle competition in social media.
Whether a lack of killer GIFs would really harm Facebook's competitors isn't the most interesting point from this news. The most interesting thing is that regulators are finally doing what they have talked a lot about: blocking big tech acquisitions.
The only issue is that Facebook makes more acquisitions than you might have realized, 93 in fact since the company was founded. Some, like WhatsApp or Instagram make the headlines, or go on to be huge household brands or products in their own right — but most don't.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
