Meta selling Giphy for fraction of purchase price
90Report
Meta, the parent company of Facebook, sold the GIF-sharing platform Giphy to Shutterstock for $53 million, a fraction of the $400 million that the company reportedly paid for it in 2020. Shutterstock, a stock photo company, said in a release Tuesday that it has reached an agreement to acquire Giphy, which it called the world’s…
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