) acquisition of popular GIF website Giphy is being scrutinised by Britain’s competition watchdog for possibly reducing competition in the United Kingdom.
The parent of messaging app WhatsApp bought Giphy, a popular website for making and sharing animated images, or GIFs, in May to integrate it with its rapidly growing photo-sharing app, Instagram. Facebook, the world’s largest social media network, did not immediately respond to a Reuters request for comment.
According to Facebook, 50% of Giphy’s traffic comes from Facebook’s apps, with half of that coming from Instagram.
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Facebook's estimated $400 million Giphy purchase under UK competition scrutiny - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Should be under antitrust scrutiny in the United States but I guess Zuckerburg paid off enough American politicians. carrybeyond PeanutAllergyEminem
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook's estimated $400 million Giphy purchase under UK competition scrutiny - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Should be under antitrust scrutiny in the United States but I guess Zuckerburg paid off enough American politicians. carrybeyond PeanutAllergyEminem
Source: BusinessInsider - 🏆 729. / 51 Read more »