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What is even their business model? What's the risk to consumers of Meta dominating the animated emoticon business?

Giphy strikes me of being one of those 'your product is actually a feature' companies.



Giphy's business model has nothing to do with GIFs, they are just a front really - its all about advertising and user tracking, essentially the same as FaceBook. All those shared gifs are tracked and used to target advertisments with.




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