It wasn't yet. The regulators seems to be annoyed by Facebook buying and shutting down potential competitors before they've had a chance to grow into real compe

It wasn't yet. The regulators seems to be annoyed by Facebook buying and shutting down potential competitors before they've had a chance to grow into real competition. > The CMA found that Giphy’s ad services would have been able to compete with Facebook’s own display advertising services, while also encouraging innovation from other social media sites and advertisers. > Facebook shut down Giphy’s advertising services at the time of the merger. The CMA said this is a cause for concern, especially because Facebook controls nearly half of the £7 billion ($9.4 billion) display ad market in the U.K. > Stuart McIntosh, chair of the independent inquiry group carrying out the investigation, said in a statement Tuesday that the deal has already removed a potential challenger in the display ad market. https://www.cnbc.com/2021/11/30/facebook-owner-meta-told-to-sell-giphy-as-uk-regulator-blocks-acquisition.html https://www.cnbc.com/2021/11/30/facebook-owner-meta-told-to-...