Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
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7: crypto related posts, unless essential, are disallowed
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It’s basically the dot com bubble all over again. These companies survived for years off free money and venture capitalists with seemingly endless pockets due to low interest rates. Now that rates are up the money is dry. Now that investors don't have free money they want to see a return. Since these companies never could be profitable they’re now collapsing under their own weight.
As for who was wanting to shut it down… basically any government agency dealing in child abductions, any mom group, “family” organization, incels/people mad at others for just being social. Just my guess.