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
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.
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.
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
Meta acquired the popular platform in 2020 for $315 million but was ordered to divest the company by the U.K.'s competition authority.
Shares of Shutterstock Inc. SSTK, +3.55% rallied 4.4% in premarket trading Tuesday, after the digital media and marketing company announced an agreement to buy GIF and stickers company Giphy Inc. from
Shutterstock's transition to a subscription based model modernizes the business. The OpenAI partnership gives SSTK a strategic advantage over its competition.
Shutterstock, Inc. reported its Q1 2023 financial results recently. The firm provides still image, audio, video and AI generated content worldwide.
Investors with an interest in Internet - Content stocks have likely encountered both Perion Network (PERI) and Shutterstock (SSTK). But which of these two stocks is more attractive to value investors?
The Zacks Internet - Content industry participants like RELX (RELX), Yelp (YELP) and Shutterstock (SSTK) and Perion (PERI) benefit from expanding mobile, digital and cloud-based offerings.
In the company's Q1 earnings call, Chegg's CEO warned that he's seeing disruptive impact from ChatGPT. UiPath, Shutterstock, and Duolingo all face credible threats of disruption from generative AI tec
Shutterstock (SSTK) Q1 2023 Earnings Call Transcript.
Shutterstock (SSTK) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1 per share a year ago.
Investors interested in stocks from the Internet - Content sector have probably already heard of Weibo Corporation (WB) and Shutterstock (SSTK). But which of these two companies is the best option for
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