YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Meta sells Giphy at a loss

Posted online

Facebook parent company Meta is selling GIF search engine Giphy at a loss.

Shutterstock is buying Giphy for $53 million. That's a drop from the $315 million Meta paid for it.

The United Kingdom's Competition and Markets Authority previously ordered the sale over anticompetitive concerns.

Read more from The Guardian.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences