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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!

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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 1 year ago by [email protected] to c/[email protected]

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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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[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Most web companies never turned a profit and have business models that wouldn't ever be profitable, endless growth propped up by venture capital was all they strived for. Then hope they get acquired or do an IPO and let somebody else hold the bag - basically a Ponzi scheme. Investors realised this doesn't really work anymore, so the free money ran out. Also, the AI gold rush means VCs have something else to throw their money at.