‘Fix the Internet!’ — Jack Nicholson. Probably.
What’s up everybody 🤙 You like startups? You’re in the right place.
I’ve just launched my new newsletter, the Cereal Intern! In each edition (published Mondays, Wednesdays, and Fridays), I’ll take you through some cool segments and keep you up-to-date on all things startup.
But I won’t spoil too much. Here’s a sneak peek of what you’ll get when you subscribe. (You can do that here!)
Munch.
🥄 Today’s Spoonful
Facebook is acquiring Giphy for 400 million BIG ones. 😅
Giphy had previously shunned Mark Zuckerberg and co. in 2015. So, just like Ms. Montana here, we were shocked to hear of the surprise acquisition.
According to various sources, Giphy will be integrated into Instagram while remaining open to the wider social ecosystem (Snap stans, breathe easy 😌). Still, many peeps have voiced concern over Facebook’s growing reach, citing antitrust and antiprivacy concerns. This comes after the company reoriented in 2019 to focus on privacy and direct messaging.
I do have to say, it’ll be nice to rebuff the bots in my DMs with some tasteful GIFs.
But the acquisition also means that Facebook will now have its hand in some competitors’ apps. What are ya up to, Marky Mark?
Mozilla announces its ‘Fix the Internet’ startup lab.
In other news, Mozilla recently announced that it is doubling down on its MVP Lab, after the success of the program earlier this year. The incubator is focused on investing in companies that will ‘fix the internet’. This after Kim Kardashian’s bare cheeks broke the internet in 2014. We have not recovered since.
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