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Facebook acquiring Giphy raises alarms with Congress

NewsBot
in Backpage News

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With Facebook acquiring Giphy, a bipartisan group of senators are sounding the antitrust enforcement alarm Friday over Facebook’s newly announced acquisition of Giphy, a GIF-making and sharing website. On Friday, Facebook announced that it would acquire Giphy for the reported price of $400 million. Giphy is one of the largest GIF sites on the internet and social media and messaging services like Twitter, Tinder,...

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