this post was submitted on 02 Jul 2023
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Extinguished by Snap(chat), as it's a competitor
How is a gif hosters main competitior a app mainly used by teenagers for sexting?
I genuinely don’t understand this either. On a surface level I’d say they’re not even remotely related so I’d like an explanation here.
@ChrisFhey @L4s @stebo02 @dedido @Alexmitter
Snap(chat) is Gfycat's parent company. The short version is they're hemorrhaging money and have been for years so they're cutting this as part of cost saving measures.
Yea me too i am a bit wondering why. People kept saying this was the reason, but idk if they really mean that or if its just 'saying what sounds possible as a half joke' (like when people answer any question about any shady business or very expensive auctions as "its money laundering" even tho there may be other explanations. I think ppl say it half jokinly?) Idk what reason snap would do this tho? Maybe theyre planning to make a gif hosting thingy by theirself?
Gfycat is owned by Snapchat.
I think the idea is that with things you could use snapchat for, people are using gfycat instead and users using snapchat are more profitable.