Suppressing Competition News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investigated it, and thought- that there was a case to answer in terms of suppressing competition. _ it thought that it could limit other people using gifs, - it could extract data if other people did use those gifs. and it was also depriving| the market of a potential competitor to facebook. and so the competition authority has told meta to dispose of it. and a lot of competition - lawyers are fairly astounded at that decision. but i think it does - speak to this new mood of interventionism that a lot i of regulators i think would now accept that they were asleep at the wheel when facebook| b...

Regulators has- changed enormously. and i think on your show early this year you had someone . from the competitionl and markets authority who was making this point, that i think there is a presumption . of an action, the market should be allowed to run its course - and monopolies would be self—correcting. - but i think that mood has- changed, and there is now a far more interventionist mood. and we've actuallyjust seen that, have we not, this week with the competition and markets authority have done with meta, facebook�*s parent company, you know, telling them they've got to sell giphy. b...

But the competition. and market authority investigated it, and thought- that there was a case to answer in terms of suppressing competition. it thought that it could limit other people using gifs, - it could extract data if other people did use those gifs. and it was also depriving| the market of a potential competitor to facebook. and so the competition - and markets authority has told meta to dispose of it. and a lot of competition lawyers are fairly astounded at that decision. . i but i think it does speak to thisl new mood of interventionism that a lot of regulators i think- would now acce...

But can you unpack that for us? how does a british competition and markets authority tell an american company what to sell? yeah, indeed, it's quite an extraordinary story i in a way because giphy- is a new york—based lossmaking platform that provides gifs. it was bought by meta in may last year. - giphy doesn't really have any activities or employees - in the uk, but the competition and market authority - investigated it, and thought- that there was a case to answer in terms of suppressing competition. _ it thought that it - could limit other people using gifs, it could extract. data if oth...

Giphy does not really have any activities or employees - in the uk, but the competition and market authority - investigated it, and thought- that there was a case to answer in terms of suppressing competition. _ they thought - that it could limit of competition using gifs, . it could extract data if other people did use those gifs and it was also depriving| the market of a potential competitor to facebook.| and so the competition authority has told - meta to dispose of it. and a lot of the petition liners are fairly shockedj at that decision. but i think it does - speak to this new mood of int...