A smartphone with the Facebook logo is seen in front of the Meta logo in this illustration picture taken October 28, 2021. Photo: Reuters
A smartphone with the Facebook logo is seen in front of the Meta logo in this illustration picture taken October 28, 2021. Photo: Reuters
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UK orders Facebook to unwind 2020 Giphy deal as antitrust regulators seek to limit scale of Big Tech

  • Europe is currently setting in place rules to restrict ‘killer acquisitions,’ where businesses buy a rival before it can become a threat
  • Facebook, WhatsApp and Instagram already account for 73 per cent of user time spent on social media in the UK, according to the CMA

Topic |   Facebook
A smartphone with the Facebook logo is seen in front of the Meta logo in this illustration picture taken October 28, 2021. Photo: Reuters
A smartphone with the Facebook logo is seen in front of the Meta logo in this illustration picture taken October 28, 2021. Photo: Reuters
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