this post was submitted on 22 Jul 2023
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I would have expected Meta to have learned by Elons mistakes but I was just asked if I want to subscribe for a blue tick to verify my account to make my followers feelnsafer (sopuli.xyz)
submitted 1 year ago by eggshappedegg@sopuli.xyz to c/technology@lemmy.world
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[–] Calcium5332@lemmy.world 3 points 1 year ago

A lot of social media companies aren't profitable, but they didn't care because of cheap loans and lots of investors. Now that loans are more ecpensive and investors want AI, social media companies are realizing, "We need to make money, or investors will hate us", and are locking things down. Twitter, Reddit, Youtube, and Tumblr are some of the examples we see. All trying to push subscriptions or block adblockers.