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Tesla CEO Elon Musk and Facebook CEO Mark Zuckerberg disagreed over stay-at-home orders during their earnings calls on Wednesday.
The Facebook empire just got a bit bigger.
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On Friday, the social media giant acquired Giphy, an online image database and search engine, for $400 million.
Giphy allows people to search for moving images that play on a loop — called a GIF image file — which people often use on social media to express emotion.
The Giphy platform launched in 2013 and today has “several trillion” GIFs, according to a Medium post from the company.
However, this isn’t Facebook’s first acquisition.
Since its founding, Facebook has acquired several other companies — including Instagram, WhatsApp and Oculus.
FACEBOOK BUYS GIPHY FOR $400M
To find out more about the social media giant, here’s what else you need to know.
It was initially called “thefacebook.com”
When Mark Zuckerberg first launched the social media platform in February 2004 — along with Dustin Moskovitz, Chris Huges and Eduardo Saverin – he called it “thefacebook.com,” according to the company history. It wasn’t until September 2005 that the company dropped the “the” in the name.
According to the company, 1 million people were using Facebook by December 2004.
Though Zuckerberg was a student at Harvard when he first launched Facebook, the company is now headquartered in Menlo Park, California and has 48,268 full-time employees, according to the website.
Facebook has several other products and platforms
Aside from Giphy and its main social media website, Facebook owns several products including Messenger, Instagram, WhatsApp, Oculus, Workplace, Portal and Calibra, according to the company website.
Facebook developed several of those products, including Messenger, a messaging app that was introduced in 2011, Workplace, a platform for workplaces that was launched in 2016 and Portal, a communication device that was released in 2018.