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.
Spirituality
Chhath Puja or Surya Shashthi
Chhath is an ancient Hindu Vedic festival which is historically celebrated in Bihar-Jharkhand, Chhattisgarh and India’s eastern Uttar Pradesh and Nepal in the most elaborate form. This festival is celebrated mainly in Bihar- Jharkhand. But […]
Asia
Sherpa Kami Rita scales Mt Everest for 28th time, sets new world record
KATHMANDU (TIP): Veteran mountaineer Kami Rita Sherpa scaled Mt Everest for a record 28th time on May 23, breaking his own record with the highest number of ascends on the world’s highest peak, less than […]
Featured
Immortal legacy of Nehru
Pandit Jawaharlal Nehru was born November 14, 1889 in Allahabad, India, and died May 27, 1964 in New Delhi. The first Prime Minister of Independent India from 1947 to 1964, Nehru is credited with establishing […]
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