Meta Platforms was ordered to sell Giphy by the U.K. Competition and Markets Authority. The regulator said the deal would limit choice for U.K. social media users and reduce innovation in U.K. display advertising. It's the final decision after the Competition Appeal Tribunal in July had rejected one of the regulator's six grounds that Meta had appealed. "Over the past 3 months, an independent CMA panel has analysed additional third-party evidence, as well as new submissions from Meta and Giphy," the regulator said.
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