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A minor cost of business. It will cost a large part of it to even extract it from them.
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Meta’s Giphy days have come to an end, with the stock photo platform Shutterstock today announcing plans to buy the GIF library for a mere fraction of what the company formerly known as Facebook paid for it.
Shutterstock announced its $53 million (£42.6m) acquisition - far less than the $400 million (£322m) Meta paid for it in 2020 - in a press release in which it said it plans to use Giphy to extend its reach beyond professionals looking for stock photos and “into casual conversations.”
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but also, now that shutterstock owns the library
(Brought to you via BB Giphy plugin)
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