Metas Giphy play tests the UK antitrust regulators mettle; and the Archegos scandals legacy
There\u2019s a lot riding on Meta\u2019s recent attempt to overturn a decision by the UK\u2019s competition watchdog to block the tech giant\u2019s acquisition of Giphy, an online database of gifs \u2014 visual aids popular in social-media postings. It\u2019s significant because it\u2019s the Competition and Markets Authority\u2019s first ever prohibition of a Big Tech deal; the case in the Competition Appeal Tribunal could also illustrate how a completed global deal may be affected by the recalcitrance of one, significant jurisdiction. Also on today\u2019s podcast: How the regulatory reverberations of the Archegos scandal in the US are raising concerns among activist shareholders.