From the FT, > Facebook controls 40 to 50 per cent of the UK display advertising market according to the CMA. Giphy had offered paid advertising in the US and

From the FT, > Facebook controls 40 to 50 per cent of the UK display advertising market according to the CMA. Giphy had offered paid advertising in the US and the CMA argued that, absent the merger, Giphy could have gone on to expand that service into the UK — something the company has denied. I'm guessing its related to this point. However, > . In a response to the CMA’s provisional findings Meta accused the watchdog of “engaging in extraterritorial over-reach” And yet the EU is also doing the same, > In Brussels, EU officials are looking at new ways to examine mergers that fall outside their scope on the basis of revenues alone