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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.

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Author: Reuters Staff

Reuters Staff has recently written 10 articles on similar topics including :
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  2. "Facebook Inc said on Friday its services were being affected by a number of issues, after nearly a million people across the world reported problems with its photo-sharing app Instagram". (March 19, 2021)
  3. "Ireland's Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc, after a dataset reported to contain personal data relating to some 533 million Facebook users worldwide was made public". (April 14, 2021)
  4. "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)
  5. "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)
  6. "Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers". (March 10, 2021)
  7. "Venezuela's government on Sunday accused Facebook Inc of "digital totalitarianism" after it froze President Nicolas Maduro's page for 30 days for violating its policies against spreading misinformation about COVID-19". (March 28, 2021)
  8. "Facebook Inc said on Thursday it is developing a wristband that would be able to control its augmented reality (AR) glasses that are expected to be launched this year". (March 18, 2021)
  9. "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)
  10. "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)
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