From the Editor's Desk

‘Gifs are cringe’: how Giphy’s multimillion-dollar business fell out of fashion

Its valuation is down by $200m from its peak in 2016 and, more importantly, its core offering shows signs of going out of fashion. "There are indications of an overall decline in gif use," the company said in its filing, "due to a general waning of user and content partner interest in gifs.

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