Giphy Sold by Meta for $53 Million to Shutterstock

Shutterstock has acquired Giphy for a sum of $53 million, according to Meta, the company that sold it.

#Giphy #Sold #Meta #Million #Shutterstock

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sweetplantveal

How much they buy it for again?

Gif services were such a weird frenzied bubble.

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Electric_Wizard84

Now all the gifs are gonna have a watermark

I guarantee it

lazzygamer

Seems like Facebook already used the catalog for its AI. Knowing AI will take over gifs time to sell it before it becomes worthless.

tundey_1

>Shutterstock is paying $53 million for Giphy. Three years ago, Meta (then Facebook) bought Giphy for $400 million.

Wow! That’s stupendously bad business.

MrSubotic

It was just a matter of time

flaagan

So from one bloated over-controlling business to another.

Individual-Praline20

That is not even worth 53m wth🤦‍♂️

Ferricplusthree

They bought the library of images, not bad.

Apprehensive_Ear7309

If I got a fine and sold my car to pay for part of that fine that would mean I don’t have much money on hand.

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wolfkin

good. bust those trusts.

beat-sweats

Haha fuck you mark

Muscleliker6737

Zuck don’t give a Fuk 😂

Term_Kind

That’s un-ironically a brilliant move. Move a worthless assent off the books, claim it as a loss on taxes and help it to offset the 600+mil settlement. Well played meta

BONDxUNLEASHED

Now they can recoup 1/10 of the money lost to metaverse!

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