Tech

Bye Facebook – GIPHY is being sold

Published

3 years ago

October 19, 2022

I’m sure there’s a GIF for this, but Meta is selling its animated platform GIPHY

It’s all part of a decision from the UK’s competition watchdog, which has been going back and forth with the tech giant for months.

The group believes Meta’s purchase of the gif-sharing website could get in the way of social media users and advertisers.

It’s the first time the UK has blocked a business venture by Meta.

The social media giant bought GIPHY back in 2020.

It says it’s disappointed by the decision but accepts the decision.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.