Gfycat is shutting down September 1st

blaise@champserver.net to Technology@lemmy.world – 296 points –
Gfycat | Watch and Create GIFs, Videos, Memes
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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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An internet/social media recession, we're truly living in the 21st century.

Doesn't necessarily have to be a bad thing, either. Sometimes a recession is a necessary reset, and maybe it's time for social media to have one.

This is really fascinating. As usual, the people at the lower end of the economic scale get screwed while the fat cats are mildly inconvenienced. Hopefully we can prop each other up with federation.