Ifunny is a social media platform that is all about humor. It is widely known and loved for its unique design and features that allow users to create, share, and interact with humorous content. The app has over 10 million active users, and it offers a wide range of features such as memes, gifs, videos, and more. The app is owned by a parent company named iFunny Inc. In this article, we will provide you with a complete overview of iFunny Inc., its history, and its operations.
History of iFunny Inc.
iFunny Inc. is a private American internet-based company that is headquartered in San Francisco, California. The company was founded in April 2011 by a Russian teenager named Pavel Brun. Pavel was only 17 when he started the company, and he initially started it as a joke. However, to his surprise, the app became very popular, especially among young people.
After launching the app in Russia, Pavel decided to expand its operations to the United States. In 2013, iFunny Inc. was officially registered as a Delaware corporation, and it started its operations in the United States.
Operations of iFunny Inc.
iFunny Inc. is a social media company that owns and operates the iFunny app. The iFunny app is a social networking platform that allows users to share and interact with humorous content. The app features a unique design and offers a wide range of features such as memes, gifs, videos, and more.
The company’s main goal is to create a fun and safe online community where users can share and explore humorous content. To ensure the safety of its users, iFunny Inc. has implemented various measures such as blocking inappropriate content, moderating user-generated content, and providing users with tools to report offensive content.
Revenue Model of iFunny Inc.
Like many other social media companies, iFunny Inc. generates its revenue through advertising. The company sells advertising space to brands and businesses that want to promote their products or services on the platform.
iFunny Inc. has a dedicated team of ad sales professionals who work with advertisers to create and deliver ad campaigns that are tailored to the needs of their clients. The company also uses advanced targeting and tracking technologies to ensure that the right ads are shown to the right people at the right time.
Acquisition by Joyy Inc.
In December 2020, iFunny Inc. was acquired by Joyy Inc., a Chinese live streaming and social media company. Joyy Inc. acquired iFunny Inc. for $50 million in cash, and the transaction was completed in February 2021.
The acquisition is expected to help iFunny Inc. expand its operations globally and reach new audiences. Joyy Inc. has a strong presence in China, and the company’s expertise in social media and live streaming is expected to help iFunny Inc. grow its user base and increase its revenue.
Frequently Asked Questions (FAQs)
1. What is iFunny Inc.?
iFunny Inc. is a private American internet-based company that owns and operates the iFunny app, a social networking platform that allows users to share and interact with humorous content.
2. When was iFunny Inc. founded?
iFunny Inc. was founded in April 2011 by Pavel Brun, a Russian teenager.
3. What is the revenue model of iFunny Inc.?
iFunny Inc. generates its revenue through advertising. The company sells advertising space to brands and businesses that want to promote their products or services on the platform.
4. What measures has iFunny Inc. implemented to ensure the safety of its users?
iFunny Inc. has implemented various measures such as blocking inappropriate content, moderating user-generated content, and providing users with tools to report offensive content.
5. Who acquired iFunny Inc. in December 2020?
iFunny Inc. was acquired by Joyy Inc., a Chinese live streaming, and social media company.
6. How much did Joyy Inc. pay to acquire iFunny Inc.?
Joyy Inc. acquired iFunny Inc. for $50 million in cash.
7. When was the acquisition of iFunny Inc. by Joyy Inc. completed?
The acquisition was completed in February 2021.
8. What is the main goal of iFunny Inc.?
The main goal of iFunny Inc. is to create a fun and safe online community where users can share and explore humorous content.
9. What is the iFunny app?
The iFunny app is a social networking platform that allows users to share and interact with humorous content.
10. Why is the iFunny app popular among young people?
The iFunny app is popular among young people because of its unique design and features that allow users to create, share, and interact with humorous content.
Conclusion
In conclusion, iFunny Inc. is a social media company that owns and operates the iFunny app. The company was founded by Pavel Brun, a Russian teenager, in 2011, and it started its operations in the United States in 2013. iFunny Inc. generates its revenue through advertising, and the company is committed to creating a fun and safe online community where users can share and explore humorous content. The acquisition of iFunny Inc. by Joyy Inc. is expected to help the company expand its operations globally and reach new audiences.
