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Getty Walks Away, Shutterstock Tumbles | Business and Finance News
Description
Shutterstock’s stock plummeted to an all-time low after Getty Images pulled out of their merger deal — a move triggered by UK regulators who deemed the combined entity would harm competition unless Shutterstock’s editorial services were separated. The fallout sent both stocks crashing, wiping out $200 million in value overnight. Now, without the merger, both companies must navigate the AI revolution independently, struggling to build AI tools and secure new licensing deals amid uncertain futures and depressed valuations — a tempting but risky investment landscape.
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