Facebook’s acquisitions are being scrutinized by regulators.
James Martin/CNET
Facebook could be forced to sell Giphy, a platform that allows people to find and share animated images known as GIFs, because of concerns the acquisition would harm competition in the social-media and digital-advertising markets.
Facebook purchased Giphy last year for a reported $400 million. The social network said in May 2020 that Giphy would join the team at Instagram, a photo and video sharing service Facebook also owns.
Source CNET Tech
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