UK orders Facebook/Meta to sell Giphy following its private acquisition

[WYP]

The UK's Competitions and Markets Authority hopes that this move will protect competition.



Read more about the CMA's order for Facebook/Meta to sell Giphy.

 

[NeverBackDown]

I know you made the comment that it tells new companies they can't be sold and that's a big reason to stop this... But that's quite literally how it works these days. You have all these silicone valley start ups getting bought for hundreds of millions after a few years then people retire.

Happens all the time seeing as I went to school there and hear the news about it from former colleagues.