wow, sounds like they sold off Giphy for pennies on the dollar, potentially at a... | Hacker News

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elintknower on May 23, 2023 | parent | context | favorite | on: Following UK antitrust order, Meta sells Giphy to ...

wow, sounds like they sold off Giphy for pennies on the dollar, potentially at a loss?

WXLCKNO on May 23, 2023 [–]

The title in the article quite literally says they bought it for 400m and sold it now for 53m after a few years.

The potential of a loss is pretty good I think.

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