Facebook?s Giphy acquisition sounds antitrust alarms in Congress
Companies, agencies, institutions, etc
dealA
Facebook
GIF
Twitter, Tinder, Slack
iMessage
D-MA
D-MN
The Verge
Google
DoubleClick
D-NY
Ocasio-Cortez
the Federal Trade Commission
the Federal Reserve
the Treasury Department
Congress’
Department of Justice
the Justice Department
FTC
the Justice Department’s
CNBC
People
Giphy
Josh Hawley
Elizabeth Warren
Amy Klobuchar
Facebook
Alexandria Ocasio-
David Cicilline
Makan Delrahim
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Republicans
Democrats
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Instagram
MO
Warren
D-RI
America
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Summary
Klobuchar said in statement Friday that the “Department of Justice or the Federal Trade Commission must investigate this proposed deal.” Klobuchar continued, “Many companies, including some of Facebook’s rivals, rely on Giphy’s library of shareable content and other services, so I am very concerned about this proposed acquisition.”Republicans have largely pushed back on the Democrats’ calls for a merger moratorium.
As said here by Makena Kelly