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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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[-] ChrisFhey@kbin.social 5 points 1 year ago

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.

[-] JavaViper@c.im 7 points 1 year ago

@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.

[-] May@kbin.social 2 points 1 year ago

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?

this post was submitted on 02 Jul 2023
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