this post was submitted on 13 Jul 2023
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Wise one (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 34 points 1 year ago (1 children)

You have to do the bad things slowly, over time, so people forget each one before the next happens. Twitter and Reddit decided they could make everything worse all at once.

[โ€“] [email protected] 9 points 1 year ago

That's due to VC money drying up because of the US Federal Reserve raising interest rates. Operating at a loss is no longer profitable, especially in the short term.