Every time Facebook is buying something I feel sad and imagine Facebook like the black plague that will swallow that normal organism.
The owners of giphy don't feel the same pangs I'm sure
They will once they see what Facebook turns them into.
Facebook to Buy Giphy for $400M
251–260 of 535 posts
Re: Facebook to Buy Giphy for $400M
#252I feel so bitter right now. A recruiter asked me to join them back in 2016 and they were paying $200k+ for a senior backend role. I turned them down because I was on a visa and wanted a company with financial stability. A gif-search engine startup sounded ludicrous. Well, here we are...
I'm sorry but... what? you turned down a 200k salary?
Re: Facebook to Buy Giphy for $400M
#253Earlier quoted context omitted.
TikTok could switch to Tenor, which is already what Discord and a few other services use.
Note that Tenor is owned by Google.
didn't realize that Google already bought other gif 'service' Tenor (aka Riffsy!) a few years back.
Interesting/not interesting all just services for integration and tracking in various platforms. Will FB stop Twitter from using Giphy?
Re: Facebook to Buy Giphy for $400M
#254Earlier quoted context omitted.
Have you ever been in a mostly white office and noticed how many reaction GIFs are of black people? The term to Google here is “digital blackface”. If you bring this to more people’s attention my guess is that reaction GIFs will become less prevalent in your office.
No, the term to Google here would be "misinterpreting inclusive cultural norms as appropriation".
One of these has 57,000 results and the other one has zero.
Re: Facebook to Buy Giphy for $400M
#255Last private raise - https://techcrunch.com/2016/10/31/giphy-the-platform-for-all... - $600MM - $150MM raised - $400MM sale price - $400MM - $150MM 1x preferred = $250MM (assuming not ratchet up for selling below last preferred price) - $250MM net to shareholders. - 50% for preferred investor share holders - 25% to founders - 25% to individual contributors - 25% of $250MM = $62.5MM These are all just estimates
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Re: Facebook to Buy Giphy for $400M
#256Earlier quoted context omitted.
The other interesting thing about this one, is that they dont even attempt to license content do they? They dont have any content costs? Theres been this fake (steal) it till you make it, wild west approach to growth. Youtube, Buzzfeed, Imgur. You just host anybodys content regardless of if the poster is the owner, and once you get to scale, then you handle copyright and creating your own content so you arent as depe…
Facebook, Twitter and Google (YouTube) have used that strategy to ignore their obligations to filter their content by getting into some type of "too bug to fail" situation and throwing their hands up when they are asked to do their duty. Those products didn't fill a niche by innovating, they filled a niche by ignoring the obligations that were preventing others from filling the niche.
> Facebook, Twitter and Google (YouTube) have used that strategy to ignore their obligations to filter their content by getting into some type of "too bug to fail" situation and throwing their hands up when they are asked to do their duty
I don't think this is quite fair to YouTube. They've spent hundreds of millions of dollars developing ContentID. It's not perfect, but it's without a doubt the most sophisticated system to date. It's a difficult problem, but I don't see how you can say they've "thrown up their hands".
Re: Facebook to Buy Giphy for $400M
#257I feel so bitter right now. A recruiter asked me to join them back in 2016 and they were paying $200k+ for a senior backend role. I turned them down because I was on a visa and wanted a company with financial stability. A gif-search engine startup sounded ludicrous. Well, here we are...
I'm sorry but... what? you turned down a 200k salary?
(a) I was young(er), (b) I recall other highly-funded startups failing at the time, (c) at the time the whole thing just sounded laughable/sketchy.
Not to mention I was on a visa...
Re: Facebook to Buy Giphy for $400M
#258Earlier quoted context omitted.
I'd just like this trend of sending reaction gifs to end. People keep posting them in Slack all the time, but I find it about as appropriate as that brief time when all my uni teachers decided that it's hip to include rage comic faces into every other slide of every presentation. , yes I know, I'm fun at parties…
I hear ya. I had to disable animations on gifs and emojis. I keep Slack on a workspace in my peripheral vision. The animations trigger some reptilian fight or flight part of my brain that kills my focus. I got tired of collapsing them
Google spreadsheets (and maybe docs) insist on smoothly animating a black dot in the bottom right back and forth. It's in the exact spot of my peripheral vision to make me react as if it's a bug, every single time
Re: Facebook to Buy Giphy for $400M
#259So now the intention is to map corporate org charts?
Re: Facebook to Buy Giphy for $400M
#260Last private raise - https://techcrunch.com/2016/10/31/giphy-the-platform-for-all... - $600MM - $150MM raised - $400MM sale price - $400MM - $150MM 1x preferred = $250MM (assuming not ratchet up for selling below last preferred price) - $250MM net to shareholders. - 50% for preferred investor share holders - 25% to founders - 25% to individual contributors - 25% of $250MM = $62.5MM These are all just estimates
So did the last round of investors lose 1/3rd of their investment (and after waiting four years, too)? Was this a fire sale?