Technology

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This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

It is not only the pandemic. Even before, during the last decade or so, they got the VC investments. Now with rising interest rates and the shift to AI capital is drying up for the web2.0 bubble.

[–] [email protected] 2 points 1 year ago

Yeah, painting this as a downstream effect of the pandemic is just wrong. This has been coming for a long time and would have happened no matter what caused interest rates to rise.