Whelp, here we go again

    • ours@lemmy.film
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      1 year ago

      I’m guessing venture capitalists trying to reel in some profits after racing to outspend each other. I expect many services to implode.

    • Paradox@lemdro.id
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      1 year ago

      A lot of tech companies grew unreasonably fast during the COVID lockdowns, and assumed their new traffic patterns were permanent. Couple that with a general global recession, and you’ve got companies that overextended themselves, desperate to make some money back before people realize the emperor has no clothes