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

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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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Comment（15）

Shifeng
·2021-03-26
Everything about competition, it is already toobig to fail.
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weijie123
·2021-03-26
Help like and comment
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2
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- weijie123:
  good
  2021-03-26
  Reply
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- KyleFong:
  Done. Please comment back here as return
  2021-03-26
  Reply
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Lely84
·2021-03-26
Great
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2
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咩咩虎
·2021-03-26
Like and comment pls
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3
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- wjv0204:
  wa
  2021-03-26
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Joanne93
·2021-03-26
Like and comment pls
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4
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- HermanL:
  like snd comment pls
  2021-03-26
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- IsleofSkye:
  Done. Pls like n comment back. Tq
  2021-03-26
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- Fionfion82:
  Ok
  2021-03-26
  Reply
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Ericlam
·2021-03-26
FB so many issues to deal with
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5
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- user1234:
  Always in the media for some law charges ?
  2021-03-27
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- Alfred1007:
  F B is better if it can diversify its business model
  2021-03-26
  Reply
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LuCS
·2021-03-26
Nice
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9
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KRPK
·2021-03-26
Buying up all competitors....
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Aaronre1
·2021-03-26
Comment pls
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4
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- KYY:
  Sure
  2021-03-26
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- Prydeaux:
  [微笑]
  2021-03-26
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- Aaronre1:
  Thx
  2021-03-26
  Reply
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Straste
·2021-03-26
Ok
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4
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KTKC
·2021-03-26
[難過]
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5
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leoworm
·2021-03-26
Omg
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3
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JFZW
·2021-03-26
??
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2
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1Man2Stonks
·2021-03-26
Nice
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KW1
·2021-03-26
Hmm.
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1
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- ZhiLing:
  yup
  2021-03-26
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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 Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.cnbc.com/2021/03/25/facebooks-acquisition-of-giphy-raises-concerns-for-uks-cma.html","article_id":"1110385330","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/b7c31ff7223af040013ccad134090215"],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/03/25/facebooks-acquisition-of-giphy-raises-concerns-for-uks-cma.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, 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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. Giphy has built a digital database and search engine that allows people to share GIFs either through its website or app, or via social media platforms likeFacebook, Instagram,Twitterand Snapchat.\nAndrea Gomes da Silva, executive director of markets and mergers at the CMA, said in a statement: “As the U.K.’s competition authority, it is our responsibility to make sure that markets remain competitive. It is vital we ensure that Facebook, as a large and powerful Big Tech firm, isn’t using its strong market position to stifle competition. Should the companies fail to address our concerns, we will launch a more in-depth review to ensure consumers and businesses don’t lose out.”\nA Facebook spokesperson said: “This merger is good for competition and in the interests of everyone in the UK who uses GIPHY and our services — from developers to service providers to content creators.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":358417484,"gmtCreate":1616722314648,"gmtModify":1704797864304,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Everything about competition, it is already toobig to fail.&nbsp;","listText":"Everything about competition, it is already toobig to fail.&nbsp;","text":"Everything about competition, it is already toobig to fail.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358417484","repostId":1110385330,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358407838,"gmtCreate":1616720264024,"gmtModify":1704797825103,"author":{"id":"3575205207637336","authorId":"3575205207637336","name":"weijie123","avatar":"https://static.tigerbbs.com/f79451a0e5ae21cfbd9c59c760eed0a7","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Help like and comment","listText":"Help like and comment","text":"Help like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358407838","repostId":1110385330,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3889142,"gmtCreate":1616744973369,"gmtModify":1680781811727,"authorId":3575205207637336,"author":{"id":3575205207637336,"authorId":3575205207637336,"name":"weijie123","avatar":"https://static.tigerbbs.com/f79451a0e5ae21cfbd9c59c760eed0a7","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.40%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358407838,"type":1,"supId":3888380,"prevId":0,"content":"good","text":"good","html":"good"},{"id":3888380,"gmtCreate":1616735312764,"gmtModify":1680781805698,"authorId":3571137612858065,"author":{"id":3571137612858065,"authorId":3571137612858065,"name":"KyleFong","avatar":"https://static.tigerbbs.com/e17389fa1acf21e046b50105e4b79fa8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358407838,"type":1,"supId":0,"prevId":0,"content":"Done. 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 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