this post was submitted on 03 Jul 2023
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Context?
Basically aaaaaanything that spez or spacekaren are doing? I mean, the whole established social media landscape is burning right now, giving the Fediverse a huge push.
Oh... I just thought that something more specific happened... Ok!
The US Federal Reserve raised interest rates, which means VCs are investing less, meaning that operating at a loss is becoming less profitable, which is leading to Big Tech's greed becoming much more obvious.
Who would have thought that dumping money on something just because it is cool, would not be a good idea!
lol 🤣, this sounded like this
Pretty much...
No worries. Just the usual downfall of digital society. No special occasion. 😅
lol SpaceKaren - I agree wholly