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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] 57 points 2 years ago (2 children)

We've reached the end of the VC-funded golden age where they are all now demanding a return on their investment, hence why the screws are now all getting tightened.

[–] [email protected] 23 points 2 years ago (1 children)

I’m honestly surprised it even got this far. It was just common sense to me, even a decade ago, that companies that burned through VC cash and tried building up user bases with little regard for actual profitability couldn’t possibly keep it up forever.

[–] mobiuscoffee 6 points 2 years ago

It also coincides nicely with web3 becoming a less nebulous thing and investors starting to shift their focus from user created content to practical applications of ai.

[–] [email protected] 5 points 2 years ago

is reddit a zirp phenomenon?