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.
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FIA India Day Parade generates huge enthusiasm for celebrating 75th anniversary of India’s Independence
FIA enters Guinness Book of World Records NEW YORK (TIP): FIA India Day Parade, held after a gap of two years, generated huge enthusiasm among the Indian American community. Thousands converged to take part in […]
Indian Americans
Indian-origin student in London dies after ‘psycho’ Tunisian boyfriend ‘nearly beheads’ her for ‘rejecting him’
LONDON (TIP): A Tunisian national has been locked up indefinitely in a psychiatric hospital for killing and nearly beheading a 19-year-old Indian-origin student at her university accommodation in London in 2022. Maher Maaroufe, 24, stabbed […]
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Making of a Democracy ; America celebrates Independence Day – the 4th of July
American Independence Day is annually celebrated on July 4 and is often known as the Fourth of July. It is the anniversary of the publication of the declaration of independence from Great Britain in 1776. […]
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