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Why do so many tech companies, like Reddit and Twitter are making their platforms worse for their users all of a sudden?

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cilantrillo@lemmy.world
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asklemmy@lemmy.ml
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lightrush@lemmy.ca
11 points

Interest rates. Money isn’t free anymore. It’s still not super expensive but it’s 5x more expensive than what it used to be since 2008.

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sunbeam60@lemmy.one
5 points

This is the answer. The age of free money is over and now we are seeing the effect; rampant inflation and high interest rates. The chickens come home to roost, always.

As a result, the burn rate and runway is starting to be factors in all businesses that aren’t making a profit.

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mnrockclimber@lemmy.sdf.org
1 point

Yep, VCs are unwilling to just fund any old thing hoping they’ll hit the lottery right now when money is “expensive”.

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