Meta sells Giphy to Shutterstock at a loss following UK order | Engadget
[ad_1] The UK ordered Meta to sell Giphy at the end of 2021, and now the social media heavyweight is following through. Stock photo provider Shutterstock has reached a deal to buy Giphy from Meta for $53 million. Notably, this won’t break compatibility — Meta is entering a programming interface agreement that ensures Giphy’s GIFs …
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