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A comment on Facebook to Buy Giphy for $400M. Parent comment

Re:Facebook to Buy Giphy for $400M by tootie on Friday May 15, 2020 @02:19PM (#23195494)
I'm still dubious. Giphy hit it's peak of power 2-3 years ago and has plateaued or even tapered since then. It was all over reddit and Slack for a while and then the novelty wore off and competitors popped up.
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Re:Facebook to Buy Giphy for $400M by djhaskin987 on Sunday May 17, 2020 @11:51PM (#23218130)
... which might be what made it cheap enough to be snapped up by Facebook. Who knows, maybe the valuation of giphy would have been much larger 2 to 3 years ago.

Acquisitions often happen after some value is lost from the company being acquired, like when Microsoft bought Nokia or when Yahoo bought Tumblr.

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