Giphy is one of the most popular GIF-sharing platforms on the internet, with the company reporting over 200 million active users monthly as of 2017. If you’ve.
Why it matters: In 2020, Meta purchased the GIF-sharing database Giphy for $315 million. The sale immediately drew scrutiny from British regulators, who saw it as a method to limit competition. After a year-long appeal, the regulators ordered Meta to sell Giphy.
Giphy is one of the most popular GIF-sharing platforms on the internet, with the company reporting over 200 million active users monthly as of 2017. If you’ve ever tried to send a funny cat GIF to someone, there’s a chance that you used Giphy to do it.
Meta noticed the vast number of people using Giphy and attempted to purchase the company, finalizing the sale in 2020 for $315 million.
