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[–] 75 points 2 weeks ago (4 children)

How is it possible to lose money when your whole business model is based on theft?

Literally, what are their expenses?

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  • [–] 19 points 2 weeks ago

    They had to pay out over $100 million to some hedge fund/VC groups after losing a lawsuit about denying their use of stock warrants. This had been ongoing since 2022 but the final ruling was last quarter.

    Also they took on another $100 million or so of debt in anticipation of the Shutterstock merger which fell through.

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  • [–] 53 points 2 weeks ago

    Parasitic IP rent seekers can go to hell.

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  • [–] 52 points 2 weeks ago (1 child)
  • [–] 136 points 2 weeks ago (3 children)

    I had an intern use a Getty Image he found on the open internet, on our website by accident. We got maybe 100 visitors in a week. He didn't know it was a Getty images, but yes, he should have cleared the image first. Somehow Getty found it and tried to sue us for thousands of dollars. Literally thousands, the number was completely ridiculous. Luckily I had good legal representation and he got it down to 500 dollars, which is still ridiculous for a small mistake.

    Get fucked, Getty

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  • [–] 19 points 2 weeks ago (2 children)

    $500 seems pretty fair. It was genuine copyright infringement of a paid product for commercial use.

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  • [–] 38 points 2 weeks ago (1 child)

    Not that I’m fond at all of Getty, but the fact that people are using AI slop instead of real photographs is disappointing.

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  • [–] 103 points 2 weeks ago (26 children)
  • [–] 93 points 2 weeks ago (25 children)

    Soon all stock photo image sites will close and we will just have AI images for everything. Uplifting news?

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  • [–] 103 points 2 weeks ago (8 children)

    Because I love companies selling historical images that should be public domain and than adding their fucking watermark to all images of theirs that appear in search engines. Fuck Getty Images.

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  • [–] 2 points 2 weeks ago (6 children)

    Well fuck all stock photo companies too then eh?

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  • [–] 4 points 2 weeks ago (5 children)

    Cut out the worthless middle man. Hire a photographer.

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  • [–] 0 points 2 weeks ago (2 children)
  • [–] 35 points 2 weeks ago (4 children)

    Plenty of open source image sites at this point

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  • [–] 0 points 2 weeks ago (3 children)

    That are good and have new stuff for free with no attribution? Example please?

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  • [–] 4 points 2 weeks ago (1 child)

    Why is asking a question downvoted? Would be useful to provide examples when making a claim

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  • [–] 1 point 2 weeks ago

    Because people come to the internet to get dopamine. Here’s a fun tip: use a client that allows you to hide all votes. That way you aren’t ever influenced by vote manipulation. Then when people say, “your opinion is being downvoted [by my bot army]” you can say, “don’t know, don’t care, lmfao”

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  • [–] 49 points 2 weeks ago (2 children)

    As opposed to the previous trend of getty greedily monopolising the industry, stealing images that they don't own copyright for and using their lawyers to mute smaller competitors they steal from? In this case AI is the lesser of two evils. If you don't hate getty, you simply don't know enough about them.

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  • [–] 12 points 2 weeks ago (1 child)

    The better news is that Getty is going tits up, then the AI bubble will burst and we won't have to deal with so much of that bullshit either.

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  • [–] 3 points 2 weeks ago

    The ai bubble bursting and hardware prices crashing would make local gen even more affordable.

    Which means cheap generic ass stock filler imgs would be easy and accessible for everyone.

    Fuck ai, but fuck getty more. Anything that undermines them is good.

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  • [–] 12 points 2 weeks ago (1 child)

    Maybe just the ones that won't sue you for your life's savings if you accidentally use one of their publicly available images on a random ass website receiving 50 visitors a month will survive. The ones people don't actively hate.

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  • [–] 4 points 2 weeks ago

    I say we just start using text for everything. No more images. Everything would go so much faster. User Interfaces would be so much cleaner too

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  • [–] 5 points 2 weeks ago (1 child)

    This exactly. Whats even worse, is that so many stock sites now try to pivot fully to AI. As someone who regularly uses stock images and videos at work this is so annoying. I don't want a fucking inbetween platform to AI generate some slop. Now more then ever there would be value in a site that gives me 100% real images. Like say if I want to illustrate a video about Peru i want videos that were actually shot there etc...

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  • [–] 2 points 2 weeks ago (1 child)

    Honestly... I rather have ai stock imgs then getty. The entire point of stock it's is they are place holder or filler imgs.

    They are purely functional in nature. Ai is fine for that more or less.

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  • [–] 21 points 2 weeks ago

    So, nothing is lost? OK, moving on.

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  • [–] 14 points 2 weeks ago

    Getty Fucked

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  • [–] 14 points 2 weeks ago

    Lol get fucked

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  • [–] 12 points 2 weeks ago

    AI does something good for once

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  • [–] 11 points 2 weeks ago

    Oh no! Anyway.

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  • [–] 11 points 2 weeks ago

    I love this for them!

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  • [–] 21 points 2 weeks ago* (1 child)
  • damn, hopefully they get acquired by a European company.

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  • [–] 2 points 2 weeks ago

    Did all that gas station money dry up?

    This was meant as a joke, then I realized that this is capitalism and it might actually be the same family/company

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  • [–] 2 points 2 weeks ago

    Our first president is finally bankrupt.

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  • [–] 2 points 2 weeks ago

    They really got.destroyed by a few years of AI. Jeez what did they spend all their money on?

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  • [–] 6 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

    If someone invented a machine that did nothing but roam the streets at night and hunt down orphans, and if that machine somehow led to Getty going bankrupt as a byproduct, it would probably still get a cheer out of me.

    I don't like orphan killing machines, but I'll take a silver lining whenever I can. I guess I'm an optimist like that.

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  • [–] 14 points 2 weeks ago (2 children)

    That is a disturbingly malleable moral stance. I love it.

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  • [–] -2 points 2 weeks ago (4 children)
  • [–] 64 points 2 weeks ago (2 children)

    You didn’t read OP’s link, huh?

    The content provider announced last week that it was planning to file in Delaware bankruptcy court after its near $4 billion merger with rival Shutterstock collapsed due to British antitrust challenges.

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  • [–] 11 points 2 weeks ago (1 child)

    This is reddit lemmy, we don't waste our time with things like reading

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  • [–] 2 points 2 weeks ago

    Read and nuance is for the bird! We do snap reactions and hot takes around here!

    Lemmy is such a fun duality of positive vibes and absolutely brain dead hate band wagons.

    Better than reddit that's only hate bandwagons tho.

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  • [–] 9 points 2 weeks ago

    Welcome to London Daily, an innovative and unique news experiment driven by advanced artificial intelligence (AI) technology.

    Our AI system conducts extensive research and fact-checking, presenting a non-biased and diverse perspective on each topic. It meticulously filters out biased or manipulated content, offering you factual summaries essential for your knowledge as an informed citizen.

    Evidently this AI system does not include dates on these news stories though. This one is old.

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