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Shutterstock

Stock media/Creative contentUSA
📉 Public < $1B
Peak $4.4 BillionToday
~-87%
from peak
  1. 🦄
    Became a unicorn
    2012
  2. 📈
    Peak valuation
    $4.4 Billion ’21
  3. 💔
    Became a Unitard
    ~2025
  4. 💸
    Last valuation
    ~$572M
Current status
Public ~$0.59B (May 2026); merging with Getty into ~$3.7B EV combined co (GETY)

How it happened

Shutterstock is a stock-media marketplace for images, video, and music that went public in 2012 and peaked at roughly $4.4B market cap in 2021. Its valuation declined organically (not via VC markdowns) amid competition and pressure from generative-AI content. By May 2026 it traded around $0.59B and agreed to merge with Getty Images into a combined company with ~$3.7B enterprise value, down roughly 87%.

Source: Investing.com/Stocktwits; IPO 2012