Technology

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[–] blargerer@kbin.social 39 points 2 years ago (1 child)

Its pretty simple: Their businesses were built when it was cheap to borrow money. The pandemic caused large inflation. In response feds all around the world have greatly increased prime interest rates. Now their 'run large deficits to expand' business model is more expensive and they need to compete against increasingly valuable bonds as a competing source of investment. All of this means they need to aggressively chase improved profitability.

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[–] Jaysyn@kbin.social -3 points 2 years ago (2 children)

SVB failing caused a lot of this.

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[–] BeefPiano@lemmy.world 7 points 2 years ago

That seems like the reverse. The high rate environment made startups stingy which (along with that one newsletter saying SVB ran out of money) caused the run that killed SVB.

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[–] GissaMittJobb@lemmy.ml 2 points 2 years ago

...how?

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[–] cheese_greater@lemmy.world 18 points 2 years ago (1 child)

Quit X. It sucks and now folks have an easy rationalization to do so
Fuck Reddit --> Lemmy
Lots of options to get around Yootube+ I wouldn't be averse ro privately pay to help subsidize the inevitably insane cost of hosting and rendering old/current/new content but I know how Ggle will abuse being able to connect me in any way to it

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[–] Gradually_Adjusting@lemmy.world 3 points 2 years ago (1 child)

I hope more people start doing something akin to Schrab Home Video, building live TV online on a shoe string budget just for fun and community. Creative tools are widespread enough that content is as easy to create as ever, and self hosted stuff is really taking off.