Published 22:28 IST, May 15th 2020
Facebook buys Giphy, popular tool for creating animated GIFs
Facebook has bought Giphy, a popular tool for creating the animated images known as GIFs that pepper conversations around the internet.
- Republic Business
- 1 min read
Reported by: Associated Press Television News
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Facebook has bought Giphy, a popular tool for creating the animated images known as GIFs that pepper conversations around the internet.
The companies did not disclose financial terms. Citing unnamed people familiar with the matter
The company said about half of Giphy's traffic comes from Facebook's apps — Instagram, Facebook, Messenger and WhatsApp. Giphy is also widely used on Twitter and in messaging apps.
Updated 22:28 IST, May 15th 2020