this post was submitted on 01 Jul 2023
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Whats up with all these online companies just deciding to be assholes this year.
Like another poster said, investors are pushing for profits. The Sillicon Valley model of throwing money at it until they figure it out is suffering with the downturn in the markets. So with the VC and investor money drying up, sites are pushing to make money to keep the lights on.
I would't say keeping the lights on, more then trying to beat covid lvl profits.
Interest rates went up and now they need to make payments on their previously free debt.
Why is it all in July too???