While half of Giphy's business involved Facebook and its apps, the company also provided the same search service to competitors such as Apple Inc's iMessage, Twitter, Signal, and TikTok.
It also said members of Giphy's senior management team have left the business and Giphy employees have received restricted stock units in Facebook. The company last month won a temporary halt to a demand by EU investigators to turn over vast amounts of data, potentially frustrating efforts to build an antitrust case.