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Why do so many tech companies, like Reddit and Twitter are making their platforms worse for their users all of a sudden? (lemmy.world)
submitted 3 years ago by to c/asklemmy@lemmy.ml
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[–] 9 points 3 years ago (1 child)

Interest rates. Money isn't free anymore. It's still not super expensive but it's 5x more expensive than what it used to be since 2008.

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  • [–] 4 points 3 years ago (1 child)

    This is the answer. The age of free money is over and now we are seeing the effect; rampant inflation and high interest rates. The chickens come home to roost, always.

    As a result, the burn rate and runway is starting to be factors in all businesses that aren’t making a profit.

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