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Giphy News & Updates

Saichaitanya4496

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Facebook is snapping up Giphy in a deal reported to be worth $400 million, and the social giant plans to combine the GIF and sticker-sharing company’s services primarily with Instagram.

“Giphy makes everyday conversations more entertaining, and so we plan to further integrate their GIF library into Instagram and our other apps so that people can find just the right way to express themselves,” Facebook said in announcing the acquisition Friday.

Facebook to Acquire Giphy Meme-Sharing Site for Reported $400 Million
 

Bapun Raz

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  • Meta said that it disagrees with the decision and that it’s considering an appeal.
  • When the deal was announced, Facebook said it wanted to further integrate Giphy into the Instagram app “so that people can find just the right way to express themselves.”
 
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