Technology

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Rumors, happenings, and innovations in the technology sphere. If it's technological news, it probably belongs here.

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Seriously, what's up with big sites literally dying as we speak? (lemmy.ml)

submitted 2 years ago by [email protected] to c/[email protected]

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First all the bs with Twitter and Elon, then Reddit having an exodus to Lemmy (not complaining lol), then Twitch. Are we like, in an alternate self healing dimension or something?

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[–] [email protected] 16 points 2 years ago

louis rossman talks about this in two of his recent videos on twitter and reddit. obviously he tackles it using layman's terms, but there's still a lot of valuable insights and it's super palatable.

essentially it boils down to what @[email protected] says here:

"The valuation of a lot of these sites was grossly inflated by the market, so when the largest shareholders saw their billions halve and know what the future holds, they start doing things to temporarily boost their profit margins and sell off the company."