UK's Antitrust forces Meta to sell Giphy at a startling loss of $347M

Quiver Quantitative

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Shutterstock acquires Giphy for $53M from $META, marking a $347M discount from Meta's 2020 acquisition cost. This unprecedented forced divestiture of a U.S. tech titan comes amidst CEO Mark Zuckerberg's so-called 'year of efficiency'.