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UK's competitors watchdog begins probe into Facebook's Giphy deal

UK's competitors watchdog on Thursday introduced its initial investigation into Facebook Inc's completed acquisition of GIF internet website Giphy, at a time when the social media neighborhood is underneath world regulatory scrutiny over antitrust concerns.
UK's competition watchdog on Thursday launched its initial investigation into Facebook Inc's completed acquisition of GIF website Giphy, at a time when the social media network is under global regulatory scrutiny over antitrust concerns.

Original article
Original article
Author: Reuters Staff

Reuters Staff has recently written 10 articles on similar topics including :
  1. "Facebook Inc said on Monday it took down 1.3 billion fake accounts between October and December and that it had over 35,000 people working on tackling misinformation on its platform". (March 22, 2021)
  2. "Britain's competition regulator is set to begin an antitrust investigation into Facebook Inc in the next few months, after similar actions into Google and Apple early this year, Financial Times reported on Friday". (March 19, 2021)
  3. "A German court hearing an appeal by Facebook against data curbs imposed by the country's antitrust watchdog said on Wednesday that it would seek guidance from the European Court of Justice on the case". (March 24, 2021)
  4. "Turkey's Competition Board has fined Alphabet Inc's Google more than 296 million lira ($36.65 million) for abusing its dominant position in search engine services, the regulator said on Wednesday". (April 14, 2021)
  5. "Facebook Inc will allow content creators on its platform to earn revenue from short-form videos via advertisements, the social network said on Thursday". (March 11, 2021)
  6. "Facebook Inc said on Friday it plans to reopen its Menlo Park, California headquarters with 10% occupancy on May 10, if the COVID-19 situation begins to improve". (March 26, 2021)
  7. "The United States considers Australia's dispute with Facebook Inc a business negotiation between private companies and the Australian government, the U.S. State Department said on Friday". (February 19, 2021)
  8. "British culture minister Oliver Dowden will meet Facebook this week to raise London's concerns, Prime Minister Boris Johnson's spokesman said on Monday, after the tech company blocked news feeds in Australia last week". (February 22, 2021)
  9. "Britain's competition watchdog on Thursday gave Facebook and Giphy five working days to offer proposals to address its concerns over their merger deal, which could affect digital advertising and the supply of animated images". (March 25, 2021)
  10. "Britain on Thursday referred Facebook Inc's acquisition of GIF website Giphy for an in-depth probe after Facebook told the country's competition watchdog it would not be offering any concessions to address antitrust concerns". (April 1, 2021)
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