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Shutterstock has agreed to acquire GIPHY for $53 million from Meta after a UK regulator forced the sale. Meta is taking a huge loss as a result of the sale as it paid around $400 million for GIPHY.

Much like Facebook, Instagram has now enabled the ability for users to comment on posts using GIFs, which will be enabled from today. The feature allows users to select GIFs from Giphy to post.

Meta is to sell Giphy following a decision by the UK's Competition and Markets Authority to prevent the acquisition. The CMA had several competition concerns, such as Meta restricting access to GIFs.

The UK Competition Appeal Tribunal has dealt a heavy blow to Meta in its $400 million acquisition of Giphy, ruling that other regulators were correct to raise their antitrust concerns.

The UK's Competition and Markets Authority has ordered Facebook to sell Giphy to an approved buyer. It said the sale could see access by other social media platforms to Giphy GIFs restricted.

Facebook has been hit with a £50.5 million fine by the Competition and Markets Authority for failing to comply with the regulator's initial enforcement order in relation to the Giphy acquisition.

Facebook has written a defiant letter back to the UK's CMA saying its concerns over Facebook's Giphy acquisition are totally unfounded. Facebook's defiance could see the issue drag on.

The UK's Competition and Markets Authority has raised concerns about Facebook's acquisition of the GIF platform Giphy. It said the merger deprives the internet of a digital advertiser.

The social networking giant is acquiring the GIF hosting service and making it part of its Instagram team. The deal is reportedly worth $400 million, and won't immediately affect other integrations.

It's National Peanut Butter Lover's Day on March 1, the Jif and GIPHY are teaming up to settle the score once and for all on how to pronounce GIF. You can finally buy your own GIF peanut butter.

Twitter is rolling out a new GIF search feature for people using the Twitter app or the web site. The option to add a GIF to a tweet will have a dedicated button when composing a tweet.