Facebook acquires Giphy For $400 Million, and plans to integrate its GIF library into Instagram

Facebook is buying Giphy, a web-based Gif search engine, and provides a huge GIF library to its users. Internet users can add these GIFs to their messages and social media accounts. According to a report by Axios, the Giphy deal is worth $400 million, while Facebook declined to disclose the terms...

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by Arooj Ahmed via Digital Information World