![Meta to sell Giphy at $260 million+ loss](https://image.chitra.live/api/v1/wps/109785c/ef518cf5-2e5b-4540-8636-3ce67702e1d1/3/iStock-Clearance-sale-679x419.jpg)
In the same week as being hit with a $1 billion fine, Meta has agreed to sell GIF platform Giphy to stock image platform Shutterstock for $53 million: more than $260 million less than it paid for t...
To continue reading this article...
Join Computing
- Unlimited access to real-time news, analysis and opinion from the technology industry
- Receive important and breaking news in our daily newsletter
- Be the first to hear about our events and awards programmes
- Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
- Access to the Computing Delta hub providing market intelligence and research
- Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders