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Meta Sells Giphy to Shutterstock for $53 Million to Comply With UK Regulator Order

Shutterstock said on Tuesday it would buy animated-images platform Giphy from Meta Platforms for $53 million in cash, months after the Facebook owner had agreed to divest the company on competition concerns. Britain’s competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors such as Snapchat and Twitter access to the target’s …

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Binance Australia Customers Seen Selling Bitcoin at Discount to Rival Crypto Exchanges

Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin, was at around AUD 34,000 ($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based …

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