this post was submitted on 02 Jul 2023
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11
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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[โ€“] Korkki@lemmy.world 0 points 1 year ago (1 children)

I guess it's just impossible to make these types of large media storage sites profitable. The business model itself is inherently unprofitable despite there being a need for these sites. Like youtube will never bring a cent back to google, but they keep running it because it locks people into their ecosystem for data harvesting.

Could also be that snap bought gfycat just to kill it.

[โ€“] dam5s@kbin.social 0 points 1 year ago (1 children)

Youtube is definitely bringing back a profit to Google. Probably not huge, but definitely far from 0% return.

Now they did have to shove way more ads in there to make it happen.

Having an acceptable ratio between ads and a big media storage seems pretty much impossible, unless subscription based which most people can't really afford.