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Why big tech companies suck right now. Looking at you Amazon, Netflix, Uber, Spotify, Facebook, Snapchat, Instagram, TikTok, YouTube... (sponsor was here)

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[-] taanegl@lemmy.world 5 points 6 months ago

The venture capital samba:

  1. Make free service (it'll pan out, trust me bro).
  2. 1 years passes... trust me bro
  3. 3 years passes... look at all this user data we can sell - trust me bro
  4. 2 more year passes... look, we're going to have to fire some people...
  5. 1 year passes... we're not really making any money, so trust me bro - we're only going to increase subscription fees a little...
  6. 1 year later, increase subscription fees...
  7. 1 year later, increase subscription fees...
  8. 1 year later, increase subscription fees...
  9. Listen, Mr Creditor - I have liquidity. So much liquidity. I'm rife with the stuff... increase subscription fees

And so forth, and so on...

this post was submitted on 13 Apr 2024
-37 points (27.2% liked)

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