Facebook buys Giphy, popular tool for creating animated GIFs

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Facebook buys Giphy, popular tool for creating animated GIFs
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Facebook has bought Giphy, a popular tool for creating the animated images known as GIFs that pepper conversations around the internet.

Facebook said in a blog post Friday that it plans to integrate Giphy into Instagram but added that Giphy will still work outside of Facebook’s properties.

The company said about half of Giphy’s traffic comes from Facebook’s apps — Instagram, Facebook, Messenger and WhatsApp. Giphy is also widely used on Twitter and in messaging apps.

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