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Zedge was founded by Tom Arnøy, Kenneth Sundnes, and Paul Shaw in Norway in 2003. In June 2016, Zedge, Inc. — Zedge's parent company — was spun off from IDT as a publicly traded company listed on the New York Stock Exchange.
The company has expanded with the launch of Shortz, a mobile app, in 2019. In 2021, Zedge acquired online emoji encyclopedia Emojipedia. In 2022, Zedge acquired photography and mobile gaming company GuruShots.