Meta has begun its third round of layoffs as part of a cost-cutting plan that will eliminate over 21,000 workers from the company.
A top European Union regulator defended a decision to hit Meta with a record-setting fine, saying she had to enforce the law based on existing rules.
Facebook parent Meta will sell Giphy Inc. to Shutterstock for $53 million, well below the $400 million it paid for the platform in 2020 after U.K. regulators blocked the acquisition.
Facebook owner Meta Platforms Inc (NASDAQ:FB) has sold Giphy, the animated GIF search engine it bought for $400 million three years ago, to Shutterstock for just $53 million. The deal, which comes aft
Meta Platforms, Facebook's owner, has agreed to sell Giphy to Shutterstock for $53m (£42m), just three years after reportedly paying $400m for the animated images supplier.
Many investors don't pay attention to unusual options activity because options are too confusing and there can be multiple implications from a single data point.
This recent ruling, coupled with the imposition of stricter data transfer policies, may mark the beginning of a tectonic shift towards a splintered internet
Shutterstock is said today it's buying Gipy from Meta Platforms for $53 million in cash with the deal expected to close in June. Giphy has world's largest collection of GIFs and stickers. The U.K.
Social media platforms pose “a profound risk of harm to the mental health and well-being of children,” and there is not enough “evidence to determine if social media is sufficiently safe for chi
Shutterstock shares advanced in early trading on Tuesday morning after the provider of stock footage said it was buying animated images platform Giphy from Meta Platforms (META) for $53 million.
Goldman Sachs' chief US equity strategist told investors that AI trades are long-term investments. "There's a lot of euphoria around it," David Kostin told Bloomberg TV on Tuesday.
Meta Platforms (META) launches WhatsApp edit your messages feature, which allows users to edit messages within 15 minutes after sending.
Stock-photo website Shutterstock on Tuesday said it will acquire Giphy and its online repository of animated images for $53 million, after UK antitrust regulators forced Meta to spin off the company l
The photo repository company is paying Facebook's parent $53 million, hundreds of millions less that what Meta paid.

Meta sells Giphy at a loss to Shutterstock

11:02am, Tuesday, 23'rd May 2023
Meta is selling Giphy at a loss to Shutterstock for $53 million after buying the social media animated images company in a 2020 deal reported to be worth between $315 million and $400 million.  The
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