Facebook's acquisition of Giphy raises competition concerns, U.K. watchdog says

cnbc2021-03-26

KEY POINTS The Competition and Markets Authority launched the first phase of its investigation on Jan. 28. The CMA said that Giphy competed with Facebook outside the U.K. in digital advertising ...

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Comments

Shifeng
2021-03-26
Shifeng
Everything about competition, it is already toobig to fail.
weijie123
2021-03-26
weijie123
Help like and comment
- weijie123:
  good
- KyleFong:
  Done. Please comment back here as return
Lely84
2021-03-26
Lely84
Great
咩咩虎
2021-03-26
咩咩虎
Like and comment pls
- wjv0204:
  wa
Joanne93
2021-03-26
Joanne93
Like and comment pls
- HermanL:
  like snd comment pls
- IsleofSkye:
  Done. Pls like n comment back. Tq
- Fionfion82:
  Ok
- Donovon:
  Ok
Ericlam
2021-03-26
Ericlam
FB so many issues to deal with
- user1234:
  Always in the media for some law charges ?
- Alfred1007:
  F B is better if it can diversify its business model

Leave a comment

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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/25/facebooks-acquisition-of-giphy-raises-concerns-for-uks-cma.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe Competition and Markets Authority launched the first phase of its investigation on Jan. 28.\nThe CMA said that Giphy competed with Facebook outside the U.K. in digital advertising ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/25/facebooks-acquisition-of-giphy-raises-concerns-for-uks-cma.html\">Source 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Facebook.\n\nLONDON — The U.K.’s competition watchdog announced Thursday thatFacebook’sacquisition of popular GIF website Giphy raises concerns around digital ads and the supply of the short video clips.\nThe Competition and Markets Authorityannouncedthat it has completed the first phase of its investigation, whichlaunched Jan. 28.\nThe CMA said that Giphy competed with Facebook outside the U.K. in digital advertising through paid partnerships with brands likePepsiand Dunkin’ prior to the deal, which was announced in May last year and is reportedly valued at $400 million.\nThe CMA said that Giphy may have “less incentive” to expand its digital advertising if it remains merged with Facebook, adding that such an outcome would lead to a loss of potential competition in the market.\nIt is now planning to progress the investigation to a second phase, unless the companies provide “legally binding proposals” that address its competition concerns in the next five working days.\nA Facebook spokesperson told CNBC that the company will continue to cooperate with the CMA’s investigation.\nFacebook’s share\nFacebook and Giphy are both headquartered in the U.S. but the CMA can investigate mergers when the business being acquired has an annual turnover of at least £70 million ($88 million), or when the combined businesses have at least a 25% share of any “reasonable” market.\nThe regulator said it found evidence that Giphy had planned to expand its digital ad partnerships to other countries, including the U.K. It said this is particularly concerning as Facebook already has a share of over 50% of the £5.5 billion display ad market.\nSocial media companies that compete with Facebook could also lose out if Giphy stopped supplying GIFs to them, the CMA said.\nA GIF is a short video clip with no sound that can be shared via the internet. 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Please comment back here as return","text":"Done. Please comment back here as return","html":"Done. Please comment back here as return"}],"langContent":"EN"},{"id":358409566,"gmtCreate":1616719804155,"gmtModify":1704797814754,"author":{"id":"3576653688169426","authorId":"3576653688169426","name":"Lely84","avatar":"https://static.tigerbbs.com/34f149aed6f506c1cee71310cc6dbf2c","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358409566","repostId":1110385330,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358572755,"gmtCreate":1616719490577,"gmtModify":1704797807471,"author":{"id":"3568542354994015","authorId":"3568542354994015","name":"咩咩虎","avatar":"https://static.tigerbbs.com/a6663bef57eca539a2c52ea184964654","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358572755","repostId":1110385330,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3886288,"gmtCreate":1616719552030,"gmtModify":1680781766674,"authorId":3569964028282746,"author":{"id":3569964028282746,"authorId":3569964028282746,"name":"wjv0204","avatar":"https://static.tigerbbs.com/ff218b44b2e07b129c0d4b2f98a1fcbb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358572755,"type":1,"supId":0,"prevId":0,"content":"<u>wa</u>","text":"<u>wa</u>","html":"<u>wa</u>"}],"langContent":"EN"},{"id":358545540,"gmtCreate":1616718890480,"gmtModify":1704797795657,"author":{"id":"3573553710836358","authorId":"3573553710836358","name":"Joanne93","avatar":"https://static.tigerbbs.com/9c967d9964ec9b441fa6dd9a144f939e","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/358545540","repostId":1110385330,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3886397,"gmtCreate":1616720187303,"gmtModify":1680781772731,"authorId":3579133665869042,"author":{"id":3579133665869042,"authorId":3579133665869042,"name":"HermanL","avatar":"https://community-static.tradeup.com/news/9f78b4b0368585f8165f578756deb5ef","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358545540,"type":1,"supId":3886258,"prevId":0,"content":"like snd comment pls","text":"like snd comment pls","html":"like snd comment pls"},{"id":3886187,"gmtCreate":1616718950875,"gmtModify":1680781766166,"authorId":3568855588230949,"author":{"id":3568855588230949,"authorId":3568855588230949,"name":"IsleofSkye","avatar":"https://static.tigerbbs.com/67513c367fa2b32512713968a36dcf7d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358545540,"type":1,"supId":0,"prevId":0,"content":"Done.&nbsp; Pls like n comment back.&nbsp; <u>Tq</u>","text":"Done.&nbsp; Pls like n comment back.&nbsp; <u>Tq</u>","html":"Done.&nbsp; Pls like n comment back.&nbsp; <u>Tq</u>"},{"id":3886258,"gmtCreate":1616719383225,"gmtModify":1680781763058,"authorId":3567652695695694,"author":{"id":3567652695695694,"authorId":3567652695695694,"name":"Fionfion82","avatar":"https://static.tigerbbs.com/22ca6345985b52ec868cac92aafafdc1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358545540,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":3886184,"gmtCreate":1616718943430,"gmtModify":1680781762688,"authorId":3563067678826056,"author":{"id":3563067678826056,"authorId":3563067678826056,"name":"Donovon","avatar":"https://static.tigerbbs.com/0c49b742fc2acedd0736cd6626a70aee","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.73%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358545540,"type":1,"supId":0,"prevId":0,"content":"Ok ","text":"Ok ","html":"Ok "}],"langContent":"EN"},{"id":358542813,"gmtCreate":1616718837332,"gmtModify":1704797794203,"author":{"id":"3559787818034959","authorId":"3559787818034959","name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1},"htmlText":"FB so many issues to deal with&nbsp;","listText":"FB so many issues to deal with&nbsp;","text":"FB so many issues to deal with","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358542813","repostId":1110385330,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3900434,"gmtCreate":1616836705932,"gmtModify":1680781989236,"authorId":3578816571106224,"author":{"id":3578816571106224,"authorId":3578816571106224,"name":"user1234","avatar":"https://static.tigerbbs.com/33536a65801c1f59c684a8b3d5d8b710","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358542813,"type":1,"supId":0,"prevId":0,"content":"Always in the media for some law charges ?","text":"Always in the media for some law charges ?","html":"Always in the media for some law charges ?"},{"id":3886185,"gmtCreate":1616718948153,"gmtModify":1680781763441,"authorId":3570656625926041,"author":{"id":3570656625926041,"authorId":3570656625926041,"name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358542813,"type":1,"supId":0,"prevId":0,"content":"F B is better if it can diversify its business model","text":"F B is better if it can diversify its business model","html":"F B is better if it can diversify its business model"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":35,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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