Watchdogs

Competition watchdog says Facebook could have to sell Giphy

The Competition and Markets Authority provisionally found Facebook owning Giphy "could lead it to deny other platforms access to its Gifs".

The CMA will now consult before making a final conclusion. And if its concerns are confirmed, the it may require Facebook to sell Giphy.

Facebook said the findings were "not supported by the evidence".

Giphy's vast library of looping short video animations is hugely popular - including among Facebook's competitors.