Facebook could be forced to sell off GIF platform Giphy in response to UK regulators
CNN
Facebook could soon be required to spin off Giphy in the UK and give up control of that company's massive library of GIFs — the animated images used by millions to express emotion and reactions across the internet.
Facebook (FB) could soon be required to spin off Giphy in response to concerns by UK regulators, and give up control of that company's massive library of GIFs — the animated images used by millions to express emotions and reactions across the internet. UK antitrust regulators said Thursday that the acquisition, which Facebook announced last year, risks reducing competition in advertising and social media.
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