Facebook Inc - Ordinary Shares - Class A

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UK's CMA Says Facebook's Takeover Of Giphy Raises Competition Concerns

Published: 08/12/2021 09:12 GMT
Facebook Inc - Ordinary Shares - Class A (FB) - Cma Says Facebook's Takeover of Giphy Raises Competition Concerns.
Cma Has Provisionally Found Facebook's Merger With Giphy Will Harm Competition Between Social Media Platforms.
Cma : Has Provisionally Found Facebook's Merger With Giphy Will Remove a Potential Challenger in Display Advertising Market.
Cma: Provisionally Found That Facebook's Ownership of Giphy Could Lead It to Deny Other Platforms Access to Its Gifs.
Cma - Confirmed, It Could Require Facebook to Unwind Deal and Sell Off Giphy in Its Entirety.
Cma Says Found That, Prior to Facebook Deal, Giphy Was Considering Expanding Its Advertising Services to Other Countries, Including Uk.
Cma: Welcomes Responses From Interested Parties to Its Provisional Findings by 2 Sept.
Cma Says Found That, Prior to Facebook Deal, Giphy Was Considering Expanding Its Advertising Services to Other Countries, Including Uk.
Cma Says Has Engaged With Other Agencies Reviewing Facebook/giphy Deal and Continues to Do So to Help Progress Its Investigation.
Revenue is expected to be $29.5 Billion
Adjusted EPS is expected to be $3.18

Next Quarter Revenue Guidance is expected to be $34.82 Billion
Next Quarter EPS Guidance is expected to be $4.08

More details on our Analysts Page.