this post was submitted on 30 Jun 2023
424 points (100.0% liked)
Technology
37725 readers
45 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Did all these tech companies just get together and decide to fuck us over around the same time? Seriously, what is going on with all these companies rolling out hugely unpopular new rules/changes all on one another's heels?
The end of 0% interest means “business” no longer have access to free money. So now they want benefits, and growth but without the spending.
Also we skipped a tech bubble crash around 2008, so these corpos deaths are more than overdue.
The cicle as Doctorow says in his enshification tesis is:
1.- be good to your users, spending tons of that VC and 0% interest loan free money.
2.- be shit to your users, be good to your clients (add buyers, business that use your platform to do business)
3.- be shit to everyone. Squeeze the platform and get every last dime of value as profit.
Once you are in 3 there is no coming back. But these corporations have pulling the ladder behind them using an extra decade of dominant position to try to stop the cicle.
Tbh, part of me hopes that they all fail. The internet does not need to be monitized more than it already has.
Let’s hope they will and that not much is lost. And let’s hope the next ones have a 5 year cicle and not a 15+ year like this ones.
Their business model and presence in society are not sustainable, so the more time they exist, the more they fuck things up. They kill competition and “disrupt” industries without a viable alternative.
Same. All this stuff is nice to have, but can live without it.
The lack of free money in the economy. Most of these companies are operating at a loss, and money has become way tighter over the last year. Expect these kinds of things to continue.