Popular animated gifs hosting service gfycat.com is shutting down on September 1, 2023 and all hosted content will no longer be accessible at that point.
Snap(chat) is Gfycat’s parent company. The short version is they’re hemorrhaging money and have been for years so they’re cutting this as part of cost saving measures.
so do we also know why they’re shutting down?
Money. Always.
Gfycat had the excellent business model of hosting a load of high bandwidth content and not making any money from anyone
Extinguished by Snap(chat), as it’s a competitor
How is a gif hosters main competitior a app mainly used by teenagers for sexting?
I genuinely don’t understand this either. On a surface level I’d say they’re not even remotely related so I’d like an explanation here.
@ChrisFhey @L4s @stebo02 @dedido @Alexmitter
Snap(chat) is Gfycat’s parent company. The short version is they’re hemorrhaging money and have been for years so they’re cutting this as part of cost saving measures.