Wait giphy was bought by meta? What a shame! And they don't sell it off, as they're supposed to? How doesn't it surprise me. A lot of the web feels like being destroyed by FANG. And Andreesen goes on claiming that the market prevents monopolies ...
> The acquisition was completed on June 23, 2023.
They can use their influence on the people who having voting rights, to actually push the hot-potato to public investors.
That's one big reason why you public companies purchasing somewhat useless companies, or acquihiring them at insane valuation.