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Gfycat is shutting down September 1st (gfycat.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The Gfycat service is being discontinued. Please save or delete your Gfycat content by visiting https://www.gfycat.com and logging in to your account. After September 1, 2023, all Gfycat content and data will be deleted from gfycat.com

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[–] [email protected] 10 points 1 year ago

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.