• PlebsicleMcGee@feddit.uk
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        1 year ago

        Gfycat had the excellent business model of hosting a load of high bandwidth content and not making any money from anyone

        • themoonisacheese@sh.itjust.works
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          1 year ago

          You forgot the excellent idea of being highly integratable to the point end users don’t even know the gifs they’re seeing are from gfycat

          • RGB3x3@lemmy.world
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            1 year ago

            Really though. On Reddit at least, how often did you actually go to gfycat instead of just viewing on Reddit’s webpage or a third party app?

        • ChrisFhey@kbin.social
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          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.

          • May@kbin.social
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            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?

        • BarbecueCowboy@kbin.social
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          1 year ago

          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.