this post was submitted on 02 Jul 2023
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TIL that Snapchat bought it, any idea why they're now killing it? The usual reason would be that it contained/owned something they wanted (tech, IP, data, etc) and they didn't actually care about the service, reckon that's the case here?
I've never used gyfcat. Did it in any way compete with snap or provide a subset of services that snap could provide?
Acquisitions are always advertised for "synergies" but the real reason is almost always quashing competition