I’m happy to see this being noticed more and more. Google wants to destroy the open web, so it’s a lot at stake.
Google basically says “Trust us”. What a joke.
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It’s definitely the high interest rates. All of tech has been built on venture capitalist money with “grow at all costs” as the primary strategy. With sustained higher interest rates, VC money is much harder to get. The focus has gone from “grow at all costs” to “become profitable at all costs.” It’s jarring, and it’s happening everywhere at the same time.
