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Problem was of social network s own making, says unimpressed judge
Gareth Corfield Fri 14 May 2021 // 16:29 UTC Share
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Facebook has failed to neutralise an order from Britain s competition regulator freezing its buyout of Giphy after having sat on its hands and failed to answer questions, the Court of Appeal has found.
Judge Sir Geoffrey Vos said the central problem in this case was entirely of Facebook s own making as he dismissed its attempt to overturn an Initial Enforcement Order (IEO) made by Britain s Competition and Markets Authority (CMA) last year.
That IEO blocked the Mark Zuckerberg-owned social network from finishing off its $400m buyout of Giphy, a supplier of web tracking beacons cunningly disguised as funny little animated images used to spice up online chats and comment sections.
Image: Facebook
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