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Meta Suffers Significant Loss Selling Giphy Following UK Breakup Order

Meta sells Giphy to Loss

Listen to the Podcast: Website with stock photos Shutterstock announced on Tuesday that it will pay $53 million to buy Giphy and its online collection of animated pictures. Last year, UK antitrust regulators forced Meta to spin off Giphy, which is now owned by Shutterstock. The deal is worth a lot less than the $315 […]