Facebook acquires Giphy for $400 million; to be part of Instagram team

Social media giant, Facebook, has acquired Giphy, the popular platform of sharable animated images. According to an Axios report, the deal is worth around $400 million. Minutes after the Axios report, Facebook shared a blog post stating that GIPHY is joining the Facebook company today as part of the Instagram team. Facebook first attempted to acquire Giphy … Continue reading Facebook acquires Giphy for $400 million; to be part of Instagram team