Giphy

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The CMA, Britain's competition regulator, has fined Facebook $70 million. Facebook breached an order during its purchase of GIF platform Giphy, the agency said. Facebook didn't report all required information about how it was continuing to compete with Giphy, the CMA said. Loading Something is loading. Britain's competition regulator has…

Facebook has defended itself against claims by the UK competition watchdog that its takeover of Giphy raises “serious competition concerns”, including over display advertising.  The social media giant has accused the Competition and Markets Authority, which is carrying out an ongoing investigation into the merger, of publishing initial conclusions that…

Why it matters: After starting an investigation on Facebook's acquisition of the largest provider of animated GIFs last year, the United Kingdom's Competition and Markets Authority (CMA) announced this week they believe the merger will negatively impact social media competition. These findings are still provisional, but if confirmed, the CMA…

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Spotify and Giphy, the platform that lets you easily find and share short animated images, have teamed up to combine the two products into one…sort of. The companies are enabling artists to combine their music with GIFs of their performance, but it won’t work quite the way it sounds. Rather…

Imagine that, over the past year, Facebook had managed to acquire the battle royale game Fortnite, the kid-focused game creation engine Roblox, and the best-selling game of 2020, Call of Duty: Black Ops Cold War. For many reasons, such a spree of acquisitions would never happen. One of the biggest…

Facebook has failed to neutralise an order from Britain's competition regulator freezing its buyout of Giphy after having "sat on its hands" and failed to answer questions, the Court of Appeal has found. Judge Sir Geoffrey Vos said "the central problem in this case was entirely of Facebook's own making"…

Premium Liv McMahon 2021-03-04T11:07:01Z Clockwise from left: Outgoing Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Google CEO Sundar Pichai, Facebook founder Mark Zuckerberg MARK RALSTON/AFP via Getty Images, Karl Mondon/Digital First Media/The Mercury News via Getty Images, Justin Sullivan/Getty Images, Glenn Chapmann/AFP via Getty Images This story is available…

Image Source: NBC via Giphy Bill Murray passed the Golden Globes vibe check with flying colors. The seasoned actor made an exceptionally chill appearance during the virtual award show, dialing in from a sunny outdoor location we can only assume is Margaritaville, given the fact that he was suited up…