this post was submitted on 13 Jul 2023
754 points (98.3% liked)

Memes

45193 readers
1564 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
754
Wise one (lemmy.world)
submitted 1 year ago by ekZepp@lemmy.world to c/memes@lemmy.ml
38 comments fedilink hide all child comments
 

POST @joyoftech@mastodon.world

you are viewing a single comment's thread
view the rest of the comments
[โ€“] wander1236@sh.itjust.works 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€“] refurbishedrefurbisher@lemmy.sdf.org 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.