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.
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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.
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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
Artificial intelligence will help improve user experience on Meta's social media network. It will help advertisers become more successful.
Recently, Zacks.com users have been paying close attention to Meta Platforms (META). This makes it worthwhile to examine what the stock has in store.
Meta originally bought the platform for $315 million in 2020.
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