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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] 41 points 2 years ago

Their death is waaaay overdue. We literally jumped one cycle because the 2008 financial crisis and 0% interest rate.

Now there is no free money, and they need to extract value to seem a good investment, so they canibalize themselves and turn into shit.

Most of Elon stuff is doomed once reality catches on. Same with Uber. Same with streaming platforms. Same with Meta.

Also there is a new/old boy in the bubble and burst town, Microsoft and their AI push. It’s going to destroy them pushing them into overspending to keep up.