Giphy, styled as GIPHY, is an American online database and search engine that allows users to search for and share short looping videos with no sound, that resemble animated GIF files. On 15 May 2020, GIPHY was acquired by Facebook for a reported $400 million.
Here is Facebook Newsroom’s announcement:
“GIPHY, a leader in visual expression and creation, is joining the Facebook company today as part of the Instagram team. GIPHY makes everyday conversations more entertaining, and so we plan to further integrate their GIF library into Instagram and our other apps so that people can find just the right way to express themselves.
A lot of people in our community already know and love GIPHY. In fact, 50% of GIPHY’s traffic comes from the Facebook family of apps, half of that from Instagram alone. By bringing Instagram and GIPHY together, we can make it easier for people to find the perfect GIFs and stickers in Stories and Direct. Both our services are big supporters of the creator and artist community, and that will continue. Together, we can make it easier for anyone to create and share their work with the world.
We’ve used GIPHY’s API for years, not just in Instagram, but in the Facebook app, Messenger and WhatsApp. GIPHY will continue to operate its library (including its global content collection), and we’re looking forward to investing further in its technology and relationships with content and API partners. People will still be able to upload GIFs; developers and API partners will continue to have the same access to GIPHY’s APIs; and GIPHY’s creative community will still be able to create great content.
GIFs and stickers give people meaningful and creative ways to express themselves. We see the positivity in how people use GIPHY in our products today, and we know that bringing the GIPHY team’s creativity and talent together with ours will only accelerate how people use visual communication to connect with each other.“
Giphy was founded by Alex Chung and Jace Cooke in February 2013. The idea for the business came when the pair were having breakfast, musing on the rising trend of purely visual communication.
When Chung and Cooke first launched Giphy, the website functioned solely as a search engine for GIFs. According to Chung, Giphy attracted around a million users during its first week and the figure leveled out to 300,000.
Giphy features what its founders called “conversational search” wherein contents are brought to users’ conversations through a search box found in their messaging applications. Read more about Giphy in Wikipedia.