this post was submitted on 02 Jul 2023
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Gfycat is shutting down September 1st (gfycat.com)
submitted 1 year ago by blaise@champserver.net to c/technology@lemmy.world
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The Gfycat service is being discontinued. Please save or delete your Gfycat content by visiting https://www.gfycat.com and logging in to your account. After September 1, 2023, all Gfycat content and data will be deleted from gfycat.com

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[–] bioemerl@kbin.social 2 points 1 year ago

They aren't profitable currently because of the race to the bottom are free sites funded by cheap venture capital are able to succeed drive out all the ones that actually have sustainable business models.

What's going to happen here in the very near future is the sites that charge you to upload, were you actually have to pay for your usage of the internet are going to pop up and then they will sustain themselves for longer periods of time.

Growth phase is over on the internet,