this post was submitted on 13 Jul 2023
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submitted 1 year ago by ekZepp@lemmy.world to c/memes@lemmy.ml
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[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.