Giphy bought by Facebook

Did You Know? Those cute little GIFs you use on Facebook, now belong to Facebook. Facebook has bought Giphy in order to integrate the service within Instagram. The deal was valued at around $400 million.

Around half of Giphy's traffic comes from Facebook products. Giphy was the first service to make animated images work on Facebook. The deal is likely to attract significant attention from federal regulators. Facebook is currently under investigation for using acquisitions to gather data on competitors. Giphy's platform is used by Facebook's competitors for GIF support. Read More… #trianglecompudkocs #didyouknow #tldr #facebook #giphy

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