Technology

1928 readers

7 users here now

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

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

[email protected]

579

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]

595 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 7 points 2 years ago

I dunno. A lot of the investors were (are) on waverides from previous success. There are absolutely loan-backed ones, but as one startup investor said to me "I look for 200-300% return in 5 years to not call something a failure." With expectations like that, you hold to record profits even if 2/3 the companies you invest in fail.