Technology
UK competition watchdog fines Meta $2 million over Giphy acquisition
The UK’s Competition and Markets Authority (CMA) has fined Meta (formerly Facebook) $2 million for failing to disclose key changes in its $315 million acquisition of online database and search engine Giphy.
According to the CMA, Meta failed to notify the regulator of the resignation of three key employees and the reassignment of their roles.
In November, U.K. antitrust regulators ordered Meta to sell Giphy because the acquisition could hurt social media users and U.K. advertisers.
Facebook acquired the online GIF platform in May 2020.
Britain’s anti-competition watchdog ruled that Facebook’s acquisition of Giphy would reduce competition among social media platforms, and the deal has already made Giphy less of a potential challenger in the display advertising market.
“Facebook and Giphy’s partnership has eliminated a potential challenger in the display ad market. If not acted, it will also allow Facebook to further enhance its significant market power in social media by controlling rivals’ access to Giphy’s GIFs,” Stuart McIntosh, chairman of the Independent Investigation Panel, said.
“By requiring Facebook to sell Giphy, we are protecting millions of social media users and fostering competition and innovation in digital advertising,” he said in a statement.
Prior to the merger, Giphy had launched an innovative advertising service that was considering expanding beyond the US, including the UK.
Giphy’s services enable companies like Dunkin’ Donuts and PepsiCo to promote their brands through visual images and GIFs.
The CMA found that Giphy’s ad service has the potential to compete with Facebook’s own display ad service.
Complete News Source : Business Standard
.jpg "SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad")
SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.
In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.
“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.
SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.
On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Train smarter, not harder: How taking occasional breaks from gym can revolutionise your fitness routine
HBO defends JK Rowling’s involvement in Harry Potter series despite problematic stance on transgender community
Allu Arjun sends ‘pokey kisses’ to daughter Arha on her 8th birthday, goes kayaking, cuts cake
.jpg "Post Kanguva debacle, Tamil Nadu producers demand ban of YouTube channels from theatres")
Post Kanguva debacle, Tamil Nadu producers demand ban of YouTube channels from theatres
Chinmayi Sripaada calls out absence of Sai Pallavi, Dhee from success posters of Amaran, Rowdy Baby
I’m A Celebrity star Tulisa reveals she is demisexual, says the thought of dating ‘makes me feel physically sick’
Delhi Weather and AQI Today: Warm start at 12.05 °C, check weather forecast for November 21, 2024
Sonakshi takes saiyyan Zaheer to bhaiya Kapil Sharma’s show; Shatrughan Sinha joins them as ‘bhola bhala aadmi’
Who is Harun Abdul-Malik Yener? Florida man arrested over bomb threat to New York Stock Exchange
SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad
OpenAI buys new domain chat.com for over $15 million, it redirects to ChatGPT
Who is Harun Abdul-Malik Yener? Florida man arrested over bomb threat to New York Stock Exchange
Sara Tendulkar brings firecracker energy to gorgeous festive look in mirror-work sharara set: Pics
Chhath Puja 2024 Day 3: Check shubh muhurat, vidhi, significance of Sandhya Puja
Jimmy Kimmel gets teary-eyed during monologue on US election results: ‘Bad night for everyone who voted for him’
Kamal Haasan writes note for fans, asks them to stop calling him Ulaganayagan; offers these options instead
Delhi Weather and AQI Today: Warm start at 21.05 °C, check weather forecast for November 7, 2024
Azaad teaser: Ajay Devgn teams up with Aaman Devgan, Rasha Thadani for Tarzan: Wonder Car sequel… but with a horse
The anime Tokyo Revengers is back with a sequel: view the promotional trailer
Deadpool and Wolverine might shatter box office records, which would be unprecedented for an R-rated film.
Review of Bridgerton Season 3 Part 2: Nicola Coughlan excels in the most intricate and captivating season to date
Kartik Aaryan Gives a Career-Defining Performance in Chandu Champion First Review; An Excellent Biopic
Watch the trailer for Kota Factory 3 here. Fans of Jeetu Bhaiya say they’re not ready for it to end.
Kartik Aaryan on overcoming the label of “outsider”: It will remain with me, and that is alright with me.
When Does Vishwak Sen’s Film Gangs of Godavari OTT Come Out? What Platform Does It Come Out On?
Review of Gullak 4: A lovely, sentimental, and somewhat mature reunion of the Mishra family
Heli Daruwala discussing her role as Geet in Undekhi 3.
-
india1 month ago‘My support will be with new J&K govt’: L-G Manoj Sinha ahead of Omar Abdullah’s oath-taking ceremony
-
.jpg "New BJP government to take oath in Haryana on Oct 17, PM Modi to attend")
Politics1 month agoNew BJP government to take oath in Haryana on Oct 17, PM Modi to attend
-
Sports1 month agoScore for the third day of the first test between India and New Zealand: Ravindra-Southee crushes IND, NZ leads by 299 at lunch
-
TV1 month agoPrince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
-
In News2 weeks ago
SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad
-
Business2 weeks ago
OpenAI buys new domain chat.com for over $15 million, it redirects to ChatGPT
-
Entertainment.1 month agoMassive data breach at Game Freak studios reveals shocking new dark Pokemon movie plot
-
Sports1 month ago
India vs New Zealand LIVE Score 1st Test Day 3: Ravindra-Southee carnage flattens IND, NZ lead by 299 at Lunch