AAI’s Moss Applauds UK’s Breakup of Facebook-Giphy Deal, Says Acquisitions That Reinforce Platform Dominance are Red Flags

In a December 7, 2021 Quartz article “The UK’s breakup of Facebook and Giphy spells trouble for Big Tech,” AAI President Diana Moss discusses the UK’s action to prevent Facebook parent company Meta’s $315 million acquisition of Giphy.

From the article:

The Meta-Giphy case suggests a new set of standards is emerging in global antitrust regulation. Diana Moss, the president of the American Antitrust Institute, called the CMA decision cutting-edge. “Strategic acquisitions to reinforce the dominance of any platform through the acquisition of smaller, disruptive and innovative rivals should be a red flag for competition enforcers,” she said.