this post was submitted on 17 Jun 2023
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I’m old enough to have witnessed the early beginnings of the Internet in the 90s - and what’s happening now with the fediverse feels like coming back to its roots.
We may well find that the implosion of Twitter and Reddit - within 6 months of each other - is the beginning of the end for “big tech”. It’s unlikely that it will go away entirely but I do feel a seismic shift happening. I seriously hope that it’s not a false dawn.
Not necessarily the end, but they're almost certainly going to be diminished for it, probably because the money is beginning to dry up, and the silicon Valley rush seems to be ending.
Everyone these days seems to be trying to invest in AI, rather than just blanket throwing money at new tech companies with the hope of them turning a profit later on.
Reddit and Twitter will probably still be around in some shape or form some years down the line, but they might just be relegated to the background in the same way that Digg is.
Can't wait for the AI and Metaverse bubbles to pop.
Turns out people like working with other people and enjoying reality. I'm darkly amused that "touch grass" has quickly become both an insult and sincere life advice.
I wish I was as optimistic as you. I fear the robot overlords will displace so many jobs civil unrest will be inevitable.
Civil unrest is inevitable. The current system is not sustainable.