The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook, which has been renamed Meta, “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It’s reportedly the first time the watchdog has sought to unwind a tech deal.
Food Corner
Gajar Ka Halwa
One of the most popular Indian desserts, ‘Gajar ka Halwa’ is known to have originated in Punjab. It is a delicious delight during the winter months. Prepare this delicious dessert for special occasions. Ingredients 1 […]
Bollywood
Raveena Tandon unveils trailer of Aranyak
She ruled the 1990s with her effortless performances and swept the audiences off their feet with her dance moves, and now actress Raveena Tandon is all set to make her digital debut with Netflix’s upcoming […]
Coronavirus
Over 3,000 Covid cases reported across LA schools
More than 3,000 coronavirus cases have been reported across Los Angeles County K-12 schools, the county’s public health director reported on Thursday, Aug. 26, offering an early snapshot of the status of local schools in […]
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