That's crazy! I wonder what the reason for the shutdown is. Given that Gfycat was used heavily on Reddit, I have to wonder if the recent Reddit changes are at all related.
It's privately owned by the owners of Snapchat. Might be just another victim of the post pandemic cost cutting the tech sector is going through now that venture capital has gotten much tighter. Did gfycat require reddit API calls to function? Even if so I'd imagine they could just blacklist reddit rather than close down.
I’m gonna take a wild guess and say the reason why gfycat integrated into basically everything was because they launched themselves at the tech giants and gave everything for basically nothing.
I thought it was pretty suss that they suddenly showed up on every platform.
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