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.
NY/NJ/CT
Gandhian Society hosts Interfaith Prayer Meet and Khadi Fashion Show in New Jersey
PARSIPPANY, NJ (TIP): The Gandhian Society in partnership with Rotary Club and Zakir Husain Foundation organized an Interfaith Prayer meet and Khadi Fashion show in Parsippany (New Jersey) on June 26, 2022. The event was […]
India
CBI a separate entity, have no control over it, govt tells SC
Patna (TIP)- Underlining that the CBI is an “independent legal person” with a “separate legal identity outside the Union of India”, the Centre on Thursday, Nov 9, questioned the logic of the West Bengal government […]
United States
Maragos: County Trending 2017 with $57M GAAP Deficit
Administration expected to find revenue and expense opportunities to reduce projected deficit MINEOLA, NY (TIP): Nassau County Comptroller George Maragos released the 2017 mid-year financial projections, which indicate that the County is trending to end […]
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