Technology

20 readers

4 users here now

This magazine is dedicated to discussions on the latest developments, trends, and innovations in the world of technology. Whether you are a tech enthusiast, a developer, or simply curious about the latest gadgets and software, this is the place for you. Here you can share your knowledge, ask questions, and engage in discussions on topics such as artificial intelligence, robotics, cloud computing, cybersecurity, and more. From the impact of technology on society to the ethical considerations of new technologies, this category covers a wide range of topics related to technology. Join the conversation and let's explore the ever-evolving world of technology together!

founded 2 years ago

270

Are lots of websites really going downhill and/or closing or does it just seem like it to me? (kbin.social)

submitted 1 year ago by Catch42@kbin.social to c/tech@kbin.social

100 comments fedilink hide all child comments

Like many people I'm here because of reddit going to shit. Twitter has increasingly been shit. gycat is shutting down in September. To me it seems like lots of bastions of social media are crumpling, but as a previous active reddit user, I've been personally effected. Is this just a frequency illusion or has something changed in the world that has changed the business case of these sites?

you are viewing a single comment's thread
view the rest of the comments

[–] takeda@kbin.social 23 points 1 year ago (3 children)

So first thing, Twitter is different than the rest. Elmo purchased it and he is doing some things to it that looks crazy.

Reddit CEO admitted that his API changes are inspired by Elmo's Twitter changes, he likely wouldn't double down if that didn't happen to Twitter as well.

Anyway, to show inflation the government increased interest rates. Which made investors thinking, "why should I put my money in this risky business that doesn't even generate money, when I could purchase government bonds and add long as government doesn't default I will get 5%?

This actually put pressure on trash startups that don't generate profits.

Ironically it is more like how much interest have been historically. It's just that after we had recession it was lowered to not turn it into depression. Then it was kept at nearly 0% until now.

Side note: if your bank still offers still nearly 0% interest rate in your savings account, they are making killing on your money and they are counting you won't notice, because people got used to those low interest rates.

[–] UA_To_the_max@kbin.social 9 points 1 year ago* (last edited 1 year ago)

re: your side note, if I had any money in my bank account I'd be furious!

[–] metaStatic@kbin.social 5 points 1 year ago

tl;dr: Blitzscaling only works with cheap money.

I wouldn't be surprised if pigboy isn't intentionally tanking news aggregator website to screw over the investors.

[–] blazera@kbin.social 1 points 1 year ago

So making services worse actually makes them less trash because profits? They werent trash startups, they were made into trash corporations.