First all the bs with Twitter and Elon, then Reddit having an exodus to Lemmy (not complaining lol), then Twitch. Are we like, in an alternate self healing dimension or something?

  • kamin@lemmy.kghorvath.com
    58·
    2 years ago

    We’ve reached the end of the VC-funded golden age where they are all now demanding a return on their investment, hence why the screws are now all getting tightened.

    • omarciddo@beehaw.org
      22·
      2 years ago

      I’m honestly surprised it even got this far. It was just common sense to me, even a decade ago, that companies that burned through VC cash and tried building up user bases with little regard for actual profitability couldn’t possibly keep it up forever.

      • mobiuscoffee@sh.itjust.works
        8·
        2 years ago

        It also coincides nicely with web3 becoming a less nebulous thing and investors starting to shift their focus from user created content to practical applications of ai.