Facebook Did Not Acquire Giphy For User Data, States Instagram Head Adam Mosseri

The chief of Facebook-owned Instagram, Adam Mosseri stated that buying Giphy was not all about getting user data. He stated on Monday that Facebook acquired Giphy, an animated-gif company for $400 million. The Giphy is a library of animated gifs that can be integrated with other applications, and...

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by Arooj Ahmed via Digital Information World