UK orders Facebook to sell Giphy

The UK Competition and Markets Authority isn’t happy about Facebook’s acquisition of GIF image provider Giphy, so has demanded its sale.
“The tie-up between Facebook and Giphy has already removed a potential challenger in the display advertising market,” said Stuart McIntosh, Chair of the independent inquiry group carrying out the phase 2 investigation.
“Without action, it will also allow Facebook to increase its significant market power in social media even further