Competition regulators around the world are attacking some of the most successful and innovative entrepreneurs in the world—American companies. Strangely, they can't seem to agree on what markets these companies are "monopolizing" or what they have done wrong. And regulators sometimes contradict each other with their complaints.
The most recent example of this behavior comes from the United Kingdom's Competition and Markets Authority. It decided to force Meta, the parent company of Facebook, to sell GIPHY—a popular tool that makes short, animated and looped videos (GIFs) that users love to share in their social media posts—to an "approved buyer."
