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Are lots of websites really going downhill and/or closing or does it just seem like it to me? (kbin.social)
submitted 3 years ago by to c/tech@kbin.social
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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?

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[–] 14 points 3 years ago

Ngl i think we’re finally seeing a lot of the social media bubble burst. Companies which have spent years in the red, now are being asked to make a profit, however they never had to before and never planned for it. If that sounds like they’ve spent the last 15 years thinking about growth over profits, it 100% is. Growth is important but growing a Losing venture is inherently unsustainable. They should’ve planned for this but most CEO’s have no idea how to plan for the future.
Just my 2¢

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