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A 3D printed Facebook's new rebrand logo Meta and Facebook logo are placed on laptop keyboard in this illustration, taken on Nov. 2, 2021. Dado Ruvic/Reuters
Facebook’s parent company Meta has been directed to sell GIF-sharing platform Giphy by a UK watchdog over competition fears.
The Competition and Markets Authority (CMA) said the decision was “protecting millions of social media users and promoting competition and innovation in digital advertising.”