Advertisement

Facebook has announced it’s recent acquisition of the popular GIF-sharing platform, Giphy. The deal is said to have cost Facebook $400 million and its plan is to integrate the Giphy library in Instagram and other Facebook-owned services.

Half Of All Giphy’s Traffic Comes From Facebook Companies

Facebook Buys Giphy

The integration of Giphy, which is used for sharing but for making and editing GIFs, has started long ago as Facebook, Messenger, WhatsApp and Instagram all work with the library. Facebook even says that about 50% of the Giphy traffic comes from the company’s services.

More specifically, Giphy would be part of the Instagram team and will make it easier for users to share GIFs in stories and private messages. And as for Giphy users, things will remain as they are for the time being. No changes would be made to the platform itself.

Source

ALSO READ:  HMD Is Moving Data From Nokia Phones To Finland, To Improve Data security,
Advertisment

LEAVE A REPLY

Please enter your comment!
Please enter your name here