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Russell 2000 Index Newsroom
Unite to face AI! After the advertisement, image giants are contemplating a merger, with both Shutterstock and Getty Images seeing their stock prices rise.
The rapid development of AI is disrupting the content creation Industry, and the popularity of smartphone photography has also lowered the value of stock photos. The globally renowned photo library Getty Images is evaluating the possibility of merging with its competitor Shutterstock. After the news was announced, Getty's stock price briefly rose by 32%, marking the largest increase since 2023.
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Getty and Shutterstock Shares Are Trading Higher Following a Bloomberg Report Suggesting the Companies Are Exploring a Merger.