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Gfycat.com shuts down on September 1 and all Gifs will be taken down
(www.ghacks.net)
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this post was submitted on 02 Jul 2023
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The Great Internet Recession™ has begun
Forreal, what's going on? Why does it seem like so many separate sites are suddenly so much worse/going downhill quickly?
Our entire Internet enjoyment has been heavily subsidized by venture capital for the last 30 years which hoped to monetize us more than they have been able (believe it or not).
Now they are calling in their bets...
How will enjoying the internet look like in the future? Lots of things we took for granted clearly weren't, and now we're used to a kind of internet that might just not be sustainable.
I guess things aren't looking too good.
Interesting question...probably going to be a lot more expensive for us, which will result in fewer services being used, and therefore higher amounts of service lock-in due to personal investment into specific service(s)...