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] 7 points 2 years ago

Interest rates stayed at or around 0% for a decade or so. VC money was flowing like beer at a frat party. COVID accelerated that trend and probably pushed sites that had somehow not taken a bunch of VC investors into doing it as everything went online. Now the interest rates have spiked and the VCs want a return on their money.