Meta’s company will not be harmed if the Giphy transaction fails. It does, however, come as regulators review the company’s acquisitions of Instagram and WhatsApp. The FTC has gone so far as to sue over the purchase of VR exercise software creator Within, citing fears that it would limit the virtual fitness sector. Meta’s penchant for acquiring firms is being scrutinized, and the Giphy purchase reversal will not relieve the pressure.
