No longer profitable
ZippShare says they are shutting down the service as they can no longer afford to keep it operational due to the rising costs and diminishing revenue.
The operators state that the traffic to the site is steadily dropping as people turn to more modern file-sharing services with better performance and more features.
Additionally, an increasing number of those who continue to visit Zippyshare use aggressive ad blockers, so advertising revenue for the site is on a free fall too.
On top of all this, the sharp rise in electricity prices has made running the site's massive server infrastructure much costlier, diminishing the already dwindling profits.
"There are still a bunch of smaller reasons, but we could write a book on this, and probably no one would want to read it," reads Zippyshare's statement.
"To sum it up, we can no longer afford to maintain the site."
Despite the gloomy picture reflected by this statement, Zippyshare continues to be one of the internet's most popular websites, enjoying massive traffic.
File-sharing site Zippyshare has announced they are shutting down the site by the end of March 2023 after announcing they can no longer afford to keep the service running.
Zippyshare is a free file-sharing website launched in 2006 that generates revenue through advertisements. The site is one of the largest on the web, receiving over 43 million visits per month, according to Similarweb.
However, ZippyShare announced yesterday that they are shutting down the service, giving users until the end of the month to back up important files.
"We’ve decided that we’re shutting down the project at the end of the month. Please make backups of your important files, you have about two weeks to do so. Until then, the site will run without any changes." reads an announcement on the Zippyshare blog.