Facebook acquires GIF website Giphy, to integrate it with Instagram

Facebook Inc is acquiring Giphy, a popular website for making and sharing animated images, or GIFs, and will integrate it with its rapidly growing Instagram photo-sharing app, Facebook said in a blog post on Friday. The cost, which Facebook and Giphy declined to disclose, was placed at around $400 million by news website Axios. The… Read More Facebook acquires GIF website Giphy, to integrate it with Instagram