Tech

Meta’s failed Giphy deal could end Big Tech’s spending spree

Enlarge (credit: Daniel Grizelj | Getty Images) Instagram? Sure! WhatsApp? Go nuts. But don’t mess with GIFs. That’s the strange position taken by Britain’s competition watchdog in choosing to block Meta’s takeover of GIF repository Giphy. Meta, the UK’s Competition and Markets Authority (CMA) ruled, must now sell all the GIFs—just 19 months after it […]