I'll research Giphy and the case context.
Company overview. Giphy, Inc. (stylized "GIPHY") is a New York City–based GIF and visual-expression platform founded in 2013 by Alex Chung and Jace Cooke. It is a wholly owned subsidiary of Shutterstock, Inc. (NYSE: SSTK), which acquired it from Meta Platforms in a divestiture ordered by the UK Competition and Markets Authority; the deal closed in May 2023 (reported value ~$53M). Meta had acquired Giphy in May 2020 for roughly $315M. Giphy retains a New York headquarters and has a wholly owned subsidiary, Giphy Arts, LLC. Standalone employee and revenue figures are not publicly disclosed; SEC filings report only Giphy-related retention compensation and acquisition accounting.
Products / services. Giphy operates a searchable library and search engine for GIFs, stickers, and short clips, distributed through its consumer website/app and the Giphy API that third-party services integrate. It previously generated revenue via "Paid Alignment" sponsored-GIF advertising, wound down around the 2020 Meta acquisition. It is an operating company, not an NPE.
Patent-litigation posture. The single tracked matter is the PTAB proceeding captioned Meta Platforms, Inc. et al. v. VL Collective IP LLC, filed May 24, 2023, in which Giphy is a named petitioner and real party in interest alongside Meta entities. Giphy therefore appears on the petitioner (plaintiff) side, challenging patents rather than asserting its own; it has no tracked defendant-side suits. The underlying district case, VideoLabs, Inc. v. Meta Platforms, Inc., No. 1:22-cv-00680 (D. Del.), did name Giphy as a defendant.
Notable cases/context. The IPRs — IPR2023-00923 (U.S. 7,266,682) and IPR2023-00924 (7,436,980) — target patents owned by VL Collective IP LLC, a unit of VideoLabs, a Delaware-incorporated patent-licensing platform that assembles video-technology portfolios from Panasonic, Siemens, and HPE. The '980 review produced a 2025 final written decision holding several claims unpatentable; Giphy continued as appellant in Fed. Cir. No. 2025-1454 after Meta withdrew.