In addition to announcing coming changes to its For You feed, TikTok today announced a handful of updates to its lineup of camera and editing tools, including new features for its popular Green Screen effect tool, as well as other updates to video enhancements and sound effects. Among the updates, one highlight is the update […]
Jack Dorsey dials in on his dream job — bitcoin missionary
Hello friends, and welcome back to Week in Review! Last week, we took a break from contextualization for some guides to consumption. This week, we’re looking at what’s happening in the mind of one Jack Dorsey. You can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny. the big thing While […]
Meta’s failed Giphy deal could end Big Tech’s spending spree
Not so long ago, Meta’s big-money deal to acquire Giphy would have been waved through.
UK orders Facebook to sell Giphy, rejects Meta’s proposed merger conditions
UK agency says “behavioral remedies” won’t fix problem, so a breakup is needed.
UK’s antitrust watchdog orders Facebook to sell Giphy
In a significant push against big tech’s ability to maintain market dominance through sheer buying power, the UK’s competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy — confirming the Financial Times‘ earlier reporting. The Competition and Markets Authority (CMA) said its phase 2 investigation cemented its earlier […]
UK clears Facebook’s purchase of CRM maker, Kustomer
The UK’s competition watchdog has cleared Facebook’s acquisition of Kustomer, a maker of CRM tools. The purchase was announced last November — with a price-tag we reported as $1BN — but is pending closing after facing regulatory scrutiny. The UK’s Competition and Markets Authority (CMA) opened an inquiry on the proposed merger this summer, at […]
Facebook may be forced to sell Giphy one year after buying it
Watchdog provisionally finds competition concerns after probe into acquisition.