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  • Motley Fool

    Why Meta Platforms Stock Dropped Today

    Shares of Meta Platforms (NASDAQ: FB) -- the artist formerly known as Facebook -- tumbled 3.5% in Tuesday afternoon trading, as of 3:20 p.m. ET, after Reuters reported that Britain's Competition and Markets Authority (CMA) has ordered the company to divest itself of the popular GIF website Giphy. Facebook (as it was still known at the time) bought Giphy last year in a deal valued at $400 million, giving itself and its users potentially exclusive access to the company's library of GIFs (short for the Graphics Interchange Format files used to post short, animated images on social media sites). To date, neither Facebook nor its Meta Platforms parent company have prevented users of rival social networks such as TikTok or Twitter from accessing Giphy GIFs on their own sites.

  • Yahoo Finance

    Former consumer watchdog Richard Cordray in mix for top regulatory role at Fed: Sen. Brown

    Senate Banking Committee Chairman Sherrod Brown said that former CFPB Director Richard Cordray is in the running for the top regulatory position at the Federal Reserve.

  • Business Wire

    Eagle Point Income Company Inc. Announces Partial Exercise and Closing of Overallotment Option in Offering of Common Stock

    GREENWICH, Conn., November 30, 2021--Eagle Point Income Company Inc. (the "Company") (NYSE: EIC, EICA) today announced, in connection with its previously disclosed underwritten public offering of 600,000 shares of its common stock (the "Common Stock") at a public offering price of $18.45 per share that closed on November 2, 2021, that B. Riley Securities, Inc., the underwriter of such offering, has partially exercised its overallotment option to purchase an additional 48,000 shares of Common Sto