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BBC News quotes Paul Stone on the CMA's order for meta to sell Giphy

Meta, the owner of Facebook and Instagram, has been ordered by the UK competition regulator to sell the GIF library Giphy.

The Competition and Markets Authority (CMA) said the ruling was a "final decision".

Paul Stone, Senior Counsel, provides comment for the BBC on the decision. He comments:

"The significance of the CMA's decision is that it underscores the body's concerns about the impact of the deal on future innovation in digital advertising.

This seems to be key to the CMA's approach to regulating big tech in the UK, where preserving competition from small but potentially significant future challengers can be at least as important as maintaining competition between already established players in the sector."

Read the full article in the BBC here.

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