this post was submitted on 30 Jun 2023
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Technology
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Did all these tech companies just get together and decide to fuck us over around the same time? Seriously, what is going on with all these companies rolling out hugely unpopular new rules/changes all on one another's heels?
The end of 0% interest means “business” no longer have access to free money. So now they want benefits, and growth but without the spending.
Also we skipped a tech bubble crash around 2008, so these corpos deaths are more than overdue.
The cicle as Doctorow says in his enshification tesis is:
1.- be good to your users, spending tons of that VC and 0% interest loan free money.
2.- be shit to your users, be good to your clients (add buyers, business that use your platform to do business)
3.- be shit to everyone. Squeeze the platform and get every last dime of value as profit.
Once you are in 3 there is no coming back. But these corporations have pulling the ladder behind them using an extra decade of dominant position to try to stop the cicle.
The lack of free money in the economy. Most of these companies are operating at a loss, and money has become way tighter over the last year. Expect these kinds of things to continue.