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Australia has led global efforts to reign in the powers of the likes of Alphabet and Facebook, installing legislation that has been heralded as a model for others to copy.

U.K.s Competition and Markets Authority says the acquisition could limit competition

But will Zuckerberg obey? The UK''s CMA watchdog orders Facebook to sell Giphy, after concluding deal could harm UK advertisers

The rocky road for the acquisition of GIF provider Giphy by Meta, the company formerly known as Facebook, has become bumpier with the U.K.s Competition and Markets Authority (CMA) ordering the social media giant to sell the company. The deal was announced in May last year and is valued at $400 million, Variety understands, and []

The CMA rules Facebook''s purchase of the vast Gif database unfair to competing social-media platforms.

Britain''s antitrust watchdog on Tuesday blocked Facebook''s parent company from owning the GIF-sharing platform Giphy, saying the acquisition would give the platform too much social media power and stifle competition.

A UK regulator has told Facebook owner Meta Platforms to sell animated images platform Giphy over competition concerns.

Facebook''s parent company Meta has been directed to sell GIF-sharing platform Giphy by a UK watchdog over competition fears.

Britain''s competition regulator has told Facebook owner Meta Platforms to sell animated images platform Giphy after finding that the acquisition could harm social media users and UK advertisers, dealing a blow to the U.S.-based tech giant. The Competition and Markers Authority (CMA) said on Tuesday the decision was in line with provisional findings that Facebook''s acquisition of Giphy in May last year would reduce competition between social media platforms and in the display advertising market.

UK''s Competition and Markets Authority (CMA) has ordered Meta (Facebook) to sell Giphy, saying the deal "could harm social media users and UK advertisers.".

In a significant push against big techs ability to maintain market dominance through sheer buying power, the UKs competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy confirming the Financial Times earlier reporting. The Competition and Markets Authority (CMA) said its phase 2 investigation cemented earlier competition []

In a significant push against big techs ability to maintain market dominance through sheer buying power, the UKs competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy confirming the Financial Times earlier reporting. The Competition and Markets Authority (CMA) said its phase 2 investigation cemented earlier competition []

(RTTNews) - The Competition and Markets Authority in the UK has concluded that Facebook''s acquisition of Giphy would reduce competition. The CMA found that Giphy''s advertising services had the potential to compete with Facebook''s own display advertising services. Facebook terminated Giphy''s advertising services at the time of the merger.

Highlights Decentralands virtual piece of land has recently sold for millions of dollars The Sandbox has drawn the attention of major players like SoftBank and Adidas Virtual real estate rush is dwarfing the inflation that has seeped into the actual world real estate sector Call it FOMO, or Facebooks metaverse move, or anything else you want, but the metaverse -NFT combo is ruling the crypto universe. Two recent developments confirm this fact. Adidas yes, the sportswear giant has purchased land in the virtual reality world of The Sandbox, a blockchain-based fantasy game. Second, people who have bought some virtual assets like gas stations and banks in the virtual reality space of Polka City are making a fortune out of their assets. Though it is true that the high valuation of digital assets like NFTs and metaverse real estate is a subject-matter of hot debates, lets at least know a little about five projects in this space. Also read : 5 breakout altcoins with metaverse underpinning 1.