Sometimes it feels like Facebook is caught in a loop. The social media giant is again under fire for acquiring a competitor, except this time it’s not another major social network like Instagram or WhatsApp. Instead, UK regulators have called out Facebook for monopolizing the world’s GIFs.At issue is Facebook’s May 2020 acquisition of Giphy, the world’s leading GIF library. Giphy is the default GIF search engine on platforms like Facebook, Instagram, WhatsApp, Snapchat, TikTok, and Apple’s iMessage. It claims to serve over 10 billion GIF results to more than 700 million people every day, dwarfing the monthly totals of its nearest rivals Tenor (12 billion results for 300 million people each m
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