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Podcast: One Thing Today in Tech
Episode: UK orders Meta to sell Giphy; Twitter tightens privacy rules; Microsoft shareholders ask for a report on sexual harassment; Xiaomi Note 11 5G launches
Description: Facebook’s parent company, Meta, has been ordered to sell Giphy by the UK's Competition and Markets Authority, BBC reports. Meta, until recently known as Facebook, bought the GIF-sharing search engine last year in a deal reportedly valued at $315 million. Meta planned to integrate Giphy's database of GIFs with Instagram, according to the BBC report. But the CMA ruled the purchase unfair to competing for social-media platforms. In May 2020, when Meta announced its acquisition of Giphy, it said 50 percent of the GIF search engine's traffic already came from Facebook platforms—half of that from Instagram. Giphy also provides GIFs to co...