Meta has no choice but to sell Giphy at $262M loss to Shutterstock

Meta

Choice

Sell

Giphy

262m

Loss

Shutterstock

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Meta has no choice but to sell Giphy at $262M loss to Shutterstock

With UK forcing a sale and GIFs losing popularity, Meta was bound to take a hit.

https://arstechnica.com/tech-policy/2023/05/fire-sale-shutterstock-to-buy-giphy-for-262-million-less-than-meta-paid

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