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Giphy

To avert more UK antitrust woes, Meta to limit how it uses ad data to boost Facebook Marketplace Giphy

To avert more UK antitrust woes, Meta to limit how it uses ad data to boost Facebook Marketplace

Facebook’s parent Meta has given key assurances to U.K. antitrust regulators as it looks to counter concerns over how it uses advertising data to benefit its own products. The news comes in the same week as Meta revealed it was selling GIF platform Giphy for $53 million three years after buying…
bubmag
May 26, 2023
Meta sells Giphy for $53M to Shutterstock after UK blocked GIF platform purchase Giphy

Meta sells Giphy for $53M to Shutterstock after UK blocked GIF platform purchase

Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, in the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns WASHINGTON -- Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53…
bubmag
May 23, 2023
Meta Sells GIPHY To Shutterstock, Reportedly Taking A Big Loss In The Process Giphy

Meta Sells GIPHY To Shutterstock, Reportedly Taking A Big Loss In The Process

viewimage/Shutterstock Online stock-photo giant Shutterstock announced today that it's acquiring Giphy (stylized as "GIPHY") from current owner Meta in an all-cash deal worth $53 million. Reportedly, Meta paid approximately $400 million to acquire Giphy in 2020, so the sale to Shutterstock represents a significant monetary loss. Meta had little choice…
bubmag
May 23, 2023
Hashtag Trending Oct. 19 – Kanye West offers to buy Parler; Amazon talent woes; Meta to sell Giphy Giphy

Hashtag Trending Oct. 19 – Kanye West offers to buy Parler; Amazon talent woes; Meta to sell Giphy

Kanye West wants to purchase Parler, Amazon is allegedly struggling to retain its workers, and Meta will be selling Giphy to comply to appease regulatory watchdogs. That’s all the tech news that’s trending right now, welcome to Hashtag Trending. It’s Wednesday, October 19, and I’m your host, Samira Balsara. Controversial…
bubmag
October 19, 2022