Personally the fact that the US regulators aren't wasting time monitoring gif repo purchases is a good thing in my book.
> Someone has to reign in oligopolies amassing even more power and dominance
Quite a hyperbole for a gif repo purchase. Can FB purchase Tenor then? Who could purchase Giphy, any other social media giant?
This is all virtue signaling because they know certain people will eat it up.
Good thing they're spending that time productively... Not blocking any egregious merger/acquisition from the past decade?
> Quite a hyperbole for a gif repo purchase. Can FB purchase Tenor then? Who could purchase Giphy, any other social media giant?
Facebook, or any other social media giant, shouldn't be allowed to expand in distributors to their competitors. Giphy is used by everyone, Facebook tracking Telegram users isn't something anyone needs. Anyone can purchase Giphy as long as it doesn't give them an unfair advantage, so nobody in the chat market.
> This is all virtue signaling because they know certain people will eat it up.
Who are those certain people?
Because US regulators are too lazy/corrupt/starved to do the job they exist to do. Someone has to reign in oligopolies amassing even more power and dominance, and it obviously isn't going to be the US, so whoever wants to step in, be our collective guest. This time it was the UK, next up is the EU Digital Markets and Digital Services Acts.
And yes, there are much more pressing matters, which others are dealing with. A competition comission doesn't have other duties than to block such obvious abuses.