Facebook has bought Giphy, the New York-based search engine of animated gifs, both companies announced Friday. The deal was valued near $300 million with more for employee retention, said people familiar with the matter, a steep drop from Giphy’s last known valuation of $600 million in 2016. A Facebook spokesperson declined to comment on the financial terms of the deal. Giphy raised $150 million...
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Q&A Crypto Startups
Ripple CEO: It’s ‘a Joke’ That Some Execs Believe SEC Isn’t Harming Crypto
Ripple Labs, the $10 billion valuation startup behind the digital currency XRP, has ridden a wave of interest in crypto: Transactions on its payment network gained 33% in the third quarter, bolstering its bank balance to more than $500 million. Blank-check companies have approached the firm about taking it public through a merger, said CEO Brad Garlinghouse in an interview. But things could be...
Facebook Settles With Government In Worker Discrimination Probe
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