Meta to sell Giphy after UK watchdog confirms ruling

Post by coldpie » Tue, Oct 18, 2022, 2:23 PM UTC

pipeline_peak wrote: post #78

coldpie wrote: post #76

Earlier quoted context omitted.

Sure, break them up, too. That would be great. The article under discussion is about Facebook.

And my response to the article is that there are way bigger fish to fry than splitting up a dying social media conglomerate. Google and Amazon are far more powerful and dominant than Meta and you know it. Sent from my Android phone through Chrome. BRB, I just got a package and I need to check my AWS config.

Post by sofixa » Tue, Oct 18, 2022, 2:28 PM UTC

Aissen wrote: post #65

It seems CMA is also on track to block Microsoft's acquisition of Activision, which would wreak havoc into Xbox's plans.

Post by imnotreallynew » Tue, Oct 18, 2022, 2:33 PM UTC

coldpie wrote: post #70

shubhamjain wrote: post #32

At first I thought Giphy might have been a UK company, but no. It's an American company founded in New York. Ignoring the merits of the judgement—ridiculous as they are—does no one sense terrible outreach in issuing a ruling on a merger about two companies which are in no way related to the country issuing it? This has terrible repercussions for the American tech economy. Every big tech company would think twice befo…

> Every big tech company would think twice before acquiring another company . Great! As an American, I'm thrilled there are governments in the world that still place people & competition at a higher priority than Mark's wallet. My government has completely given up on the idea of anti-trust enforcement.

Post by profstasiak » Tue, Oct 18, 2022, 2:33 PM UTC

coldpie wrote: post #70

shubhamjain wrote: post #32

At first I thought Giphy might have been a UK company, but no. It's an American company founded in New York. Ignoring the merits of the judgement—ridiculous as they are—does no one sense terrible outreach in issuing a ruling on a merger about two companies which are in no way related to the country issuing it? This has terrible repercussions for the American tech economy. Every big tech company would think twice befo…

> Every big tech company would think twice before acquiring another company . Great! As an American, I'm thrilled there are governments in the world that still place people & competition at a higher priority than Mark's wallet. My government has completely given up on the idea of anti-trust enforcement.

Post by JKCalhoun » Tue, Oct 18, 2022, 2:36 PM UTC

bombcar wrote: post #53

aaronharnly wrote: post #10

> The regulator said Meta would be able to increase its “already significant market power” by cutting off the supply of gifs to rivals, or demand more user data from them in order to keep using Giphy. I’m imagining a future in which Meta cuts off the winter supply of GIFs to the European Union, setting the populace into a restive period of incoherent communication. Perhaps the EU, UK, and US should establish strategi…

This is all the EUs fault. They were warned multiple times that they need to get home grown GIF supplies, instead of importing all their GIFs from the US or Russia. And now that the pipeline for dashcam videos is gone, what do they have? Nothing but a few PNGs that they sadly try to animate in a poor imitation of a GIF. (sarcasm gif goes here)