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Wait giphy was bought by meta? What a shame! And they don't sell it off, as they're supposed to? How doesn't it surprise me. A lot of the web feels like being d
by RamblingCTO 3y ago
Wait giphy was bought by meta? What a shame! And they don't sell it off, as they're supposed to? How doesn't it surprise me. A lot of the web feels like being destroyed by FANG. And Andreesen goes on claiming that the market prevents monopolies ...
- blatherard 3y agoMeta bought Giphy in 2020, then the UK CMA ruled that it was anti-competitive, so Meta sold Giphy to Shutterstock last year.
- RamblingCTO 3y agoYou're right! I read (in the original article?) that it wasn't completed yet, but it was: > The acquisition was completed on June 23, 2023.
- rvnx 3y agoVCs in one hand have successful companies (that generally IPOs), and losers on the other hand. They can use their influence on the people who having voting rights, to actually push the hot-potato to public investors. That's one big reason why you public companies purchasing somewhat useless companies, or acquihiring them at insane valuation.