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...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Weekend startups culture
The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat