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Gfycat is shutting down September 1st
(gfycat.com)
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this post was submitted on 02 Jul 2023
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The current wave seems more severe due to centralization and coincidence.
Twitter, Reddit, Imgur, Gfycat and a bunch of others seem to all crash themselves practically over night - and the same night at that. And due to centralization/monopolies, that means a significant chunk of the respective niches are gone without a clear replacement. And especially reddit was a niche aggregator.