EU Antitrust Battle: Meta Fights Back Against Allegations in Crucial Hearing

EU Antitrust Battle: Meta Fights Back Against Allegations in Crucial Hearing

European Commission sent a formal charge sheet to Meta, identifying two specific practices that it believed demonstrated Meta’s abuse of its dominant market position.

Giphy’s Journey: From Meta’s Acquisition to Shutterstock’s Opportunity

In a surprising turn of events, Meta, the parent company of popular social media platforms like Facebook, Instagram, and WhatsApp, has sold the animated-GIF search engine Giphy to Shutterstock for $53 million. This comes just three years after Meta acquired Giphy for a hefty sum of $400 million. The sale was prompted by the UK’s … Read more