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Friday, 15 May 2020

Facebook buys popular GIF platform GIPHY for $400 million

The social media giant Facebook today announced the acquisition of popular GIF platform GIPHY in a deal worth $400 million. Known for its visual expression and creation, GIPHY will be a part of the Instagram team from now on. However, Facebook said that it isn’t disclosing terms of the deal. According to Facebook, bringing Instagram … Continue reading "Facebook buys popular GIF platform GIPHY for $400 million"