Earlier quoted context omitted.
The phrase "cutting off the supply of gifs to rivals" may be one of the dumbest things I've ever read in my life. I honestly can't believe someone wrote that in a legal opinion. To me this smacks of our leaders, broadly, in the West being too old and too far removed from how people operate and live in the world today. This is like Lindsey Graham, who was once on the senate technology committee, admitting that he had…
It’s a library of content for a feature that’s considered table stakes for modern chat clients. If it wasn’t worth anything why would Facebook have paid so much for it?
I'm not so sure about that. I rarely see anyone using them anymore and have read reports that usage is declining. Even if it is table stakes, nothing stops you from rendering gifs without gify integration.