Facebook ordered to sell popular platform over fears it could block TikTok, Twitter and Snapchat from access to GIFs

FACEBOOK has been told it must sell popular GIF site Giphy. The service is one of the most well-known for sending animated pics to friends but UK competition officials were worried the firm had too much control over them. 1 CMA has ordered Facebook to sell Giphy Credit: Alamy The CMA watchdog said Facebook owner Meta could unfairly limit the likes of TikTok, Snapchat and Twitter from accessing GIFs. Facebook has been pleading with bosses that they wouldn’t limit competition since buying Giphy for a reported $400million in 2020. But they’ve concluded the only way is for Giphy to be… Read Full Article