From their website: 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.
This has been a strange year.
Man this year has just been a total collapse of everything:
character,ai filtrations
GPT slowly being neutered thanks to societal concerns
Twitter being fucked by Mr. Elon “I know everything” Musk
Imgur cleaning house for no reason
Reddit dropping a nuke on 3rd Party apps
Netflix killing password sharing
Youtube feeling in to kill adblockers
-and now gfycat is about to collapse entirely.
What the actual fuck?
Yet another step toward end game capitalism where nothing’s free/affordable anymore and only way to consume basic entertainment is either through a paid service or absolutely ridiculous ads everywhere. Where CEOs are squeezed by shareholders for every last extra % in their returns and in turn makes their product as anti consumer as possible except for the top 1% that can afford it.
Tech CEOs: Turns out the cloud costs money. Who knew? What next, credits are going to send me bills, lol? I already spent that money.
Bonds are a really good deal right now, which makes more people want to loan the government money than each other. This leads to less people overleveraging, which most companies depend on for growth.
All of the businesses you mentioned were overleveraged, so it’s understandable that they’d crack under the pressure
(Note: The bonds market is referring to the US, but the effects are global)