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The Latest Breaking News from Giphy

GIF Architect Succumbs To COVID-19 At 74: Bloomberg

Graphics Interchange Format creator Steve Wilhite succumbed to Covid-19 in early March after a two-week struggle, Bloomberg reports. The computer scientist was 74. Wilhite's team at CompuServe developed the GIF in 1987 before it became a signature feature of the early web and the go-to means for social media jokes, memes,…

Benzinga · Mar 24, 2022

Meta Agrees To Pay $2M Penalty To British Regulator

Meta Agrees To Pay $2M Penalty To British Regulator

Britain's Competition and Markets Authority penalized Meta Platforms Inc (NASDAQ:FB) £1.5 million ($2 million) over new issues regarding its purchase of Giphy, Reuters reports. The CMA ordered Meta to sell animated images platform Giphy, which Mark Zuckerberg-led Facebook had acquired for a reported $400 million in May 2020, after concluding that remedies offered…

Benzinga · Feb 4, 2022

Meta fined by UK watchdog again over enforcement order breaches

Meta fined by UK watchdog again over enforcement order breaches

Facebook's parent company has been told to pay a £1.5m fine for failing to alert the Competition and Markets Authority of a personnel change

Wales Online · Feb 4, 2022

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Meta fined for second time by watchdog for enforcement order breaches

The fine relates to enforcement orders linked to the Competition and Markets Authority’s investigation into Meta’s proposed takeover of Giphy.

The Independent UK · Feb 4, 2022

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