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.
Asia
Pakistan court issues arrest warrants of ‘Hindi Medium’ star Saba Qamar
Lahore (TIP): A local court in Pakistan on Wednesday issued arrest warrants of ‘Hindi Medium’ star Saba Qamar in a case registered against her and others for shooting a ‘dance video’ at a historical mosque […]
Indian Americans
Indian-origin soldier Halel Solomon among Israelis killed in Gaza
JERUSALEM (TIP): A 20-year-old Indian-origin Israeli soldier was among the Israeli combatants killed while fighting in Gaza, community members and the Mayor of the town said on Wednesday, November1. Staff-Sgt. Halel Solomon was from the […]
United States
FDA advisory panel endorses Moderna’s Covid-19 vaccine, clearing way for authorization
WASHINGTON (TIP): An advisory panel on Thursday, December 17, recommended that the Food and Drug Administration issue an emergency use authorization for a Covid-19 vaccine developed by Moderna, all but guaranteeing the agency will do […]
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