Gfycat.com shuts down on September 1 and all Gifs will be taken down - gHacks Tech News
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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.
  • dumpster_dove [he/him]@hexbear.netEnglish
    1·
    1 year ago

    Is there some kind of enshitification domino effect going on right now or what? So many user-hostile decisions being made nearly at the same time can’t be coincidence.

    • aaaaaaadjsf [he/him, comrade/them]@hexbear.netEnglish
      1·
      1 year ago

      Free VC tech money has dried up post COVID, the bubble has burst. Capitalists want a return on investment now. Most IT stuff is not profitable. YouTube isn’t profitable, most Amazon clones aren’t profitable, social media outside of the Facebook/meta owned model is not profitable.

      • DiltoGeggins [none/use name]@hexbear.netEnglish
        0·
        1 year ago

        Does anyone else find it really funny that the model just doesn’t exist? The Vultures Capitalists are busting at the seems for 20 years now, the next big app is gonna break free! but no, its not.

        • PorkrollPosadist [he/him, they/them]@hexbear.netEnglish
          1·
          1 year ago

          The actual start-ups never need to profit. The VCs invest early when they are worthless, hype the shit out of them, and liquidate their positions at IPO time to start the cycle anew. A bunch of suckers get left holding newly minted overvalued stock in doomed companies.

          • DiltoGeggins [none/use name]@hexbear.netEnglish
            1·
            1 year ago

            Yea, sounds right. Or as the imminent humanities scholar and Chicago saloon owner, Michael Cassius McDonald once put it, “…There’s a sucker born every minute.”