A minor cost of business. It will cost a large part of it to even extract it from them.
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)
That doesn’t seem too shocking, but I guess it’s not too punchy to start an article with “Utterly expected:”
As heard on Le Show:
And this is dated June 19, but it was in this morning’s paper (free link):
China to Meta: flattery needed to get you into our VR market
Chinese state media has published a sternly worded opinion piece that makes it plain Meta’s ambition to sell its VR hardware in the Middle Kingdom is unlikely to succeed – because, unlike his fellow tech titans, he hasn’t been nice to China.
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