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Facebook to Buy Giphy for $400M

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Re: Facebook to Buy Giphy for $400M

#301

I can't help but think of all the millions of economically useful people who lost their jobs over the past couple of months because of COVID19... And contrast that with all the economically useless Giphy employees and executives who not only get to keep their jobs but get massive bonuses.

lol sour grape juice with pinch of salt

Re: Facebook to Buy Giphy for $400M

#302
post #33
post #11

I would not be surprised if the blatant copyright infringement that is rampant on Giphy has scared off potential buyers in the past. I know, I know, there's an argument that it's fair use, but that doesn't mean that legal costs won't be incurred to make that argument, nor that the argument will be ultimately successful. I suppose if there's any company that's able to take on that legal risk, it's Facebook.

Ianal but isn't this what the DMCA safe harbor is about? Comply with takedown requests and you are fine.

Not when your whole business relies on exploiting copyrighted content, which someone from Disney might argue about Giphy.

Re: Facebook to Buy Giphy for $400M

#303
Nice to know, their domains are going directly to my banned sites list. They have acquired gliphy to extend reach of their pixels and well... I can live without gifs.

(edit: they are already banned. Nothing to do.)

Re: Facebook to Buy Giphy for $400M

#304

Earlier quoted context omitted.

Makes more sense. But it is easy to replace it with another giphy. Especially when there is privacy reason.

Question os: How many will switch it out? Giphy has a big collection of images and works ... swapping is effort and brings different (unexpected?) results.

Create a proxy that exfiltrates their active database while providing anonymity.

Re: Facebook to Buy Giphy for $400M

#305
post #210

Earlier quoted context omitted.

Does the fact that it is integrated into iOS keyboard have any implications? WlWhat kind of data does this have access to when I send gifs from iOS keyboard?

Google messenger (the default texting app) has a gif search that includes giphy, and Discord and slack also use giphy. What I don't see is what data FB is getting when the gif loads. OK, so they can see I am using giphy in Discord. Now what? edit: apparently wrong/outdated information.

I'm fairly sure this is False. GBoard uses Tenor (the next largest Giphy competitor), which Google also happens to have bought 2 years ago (undisclosed amount of money). I also just tested Messages and can confirm that the results look like Tenor too.

For Discord, while they initially used Giphy and has a /giphy command, it now uses Tenor too in the GIF picker.

Re: Facebook to Buy Giphy for $400M

#306

Per Crunchbase, they raised $150M total, with the last raise being $72M in 2016: https://www.crunchbase.com/organization/giphy This might not have been a 10x acquisition. EDIT: The Information is saying the price was $300M + bonus, and a 50% drop from the valuation in 2016. https://www.theinformation.com/briefings/4fbc4a

having gone through an acquisition, one thing that is for certain is that the acutal money handed over was not anything near 400million.

I suspect that actually it was closer to 75-150 range.

Re: Facebook to Buy Giphy for $400M

#308

I 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...

Be glad. You do not want to be associated with Facebook.

yeah but the pay is good and the share package would have been stella.

Re: Facebook to Buy Giphy for $400M

#309
post #240

Earlier quoted context omitted.

Grokking being beyond understanding something is central to Valentine Michael Smiths understanding of the world, and therefore the plot, in “Stranger in a Strange Land”. Grok is not simply understanding or knowing a thing, it’s knowing that thing so well and all the things related to that thing, and understanding all of your feelings associated with that thing, that it becomes a part of you. At least, that was my int…

Oh, I've read it and it's on my bookshelf. Just something like 3 or 4 decades ago :-) It was never actually a particularly favorite Heinlein for me though so I haven't re-read in a very long time if ever.

Hey same here, and Heinlein was my favorite author for a very long time. That particular book just never really did it for me.

Re: Facebook to Buy Giphy for $400M

#310

I 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...

Be glad. You do not want to be associated with Facebook.

Facebook has a lot of amazing engineers and developer tools, and many of them have great reputations in the industry. I know a lot of people working at Facebook in a variety of roles and they are all happy and proud of the work they do.

You're trying to make it sound like it'll put a black mark on your resume or something.

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