941
Gfycat is shutting down September 1st
(gfycat.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Jul 2023
941 points (100.0% liked)
Technology
59166 readers
1676 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
I'm not surprised. How can this be sustainable? Images are embedded in the websites with no way for Gfycat to make any revenue.
As far as I know, companies like Gfycat make money by selling API access to different apps. Like say in a messaging app likeTelegram or Signal. The easiest way for them to integrate a gif search and send function inside of messages is through API access to Gfycat's servers. Gfycat then charges them for this streamlined integration and access.
That plus selling user data or ads on their website means they will have some revenue. I dont know if its enough to keep them afloat. Since they are shutting down, I'm guessing it didnt pan out so well.
sounds like they should have asked u/spez for some advice on API pricing. /s
Wait, gfycat collects user data whenever I use one of their gifs? https://media.giphy.com/media/5eFp76zhsq3uw/giphy.gif
Not through the API call, but elsewhere like when you make an account on their website etc
It sure as hell lasted a long time though