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YouTube disallowing adblockers, Reddit charging for API usage, Twitter blocking non-registered users. These events happen almost at the same time. Is this one of the effects of the tech bubble burst?

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[-] thawed_caveman@lemmy.world 107 points 1 year ago

As discussed here:

Honestly they do it so consistently that i’m starting to wonder if they have a choice.

A common way to do things for tech startups is that they get venture capital funds, use them to run the business at a loss hoping to acquire market dominance, and then use market dominance to turn a profit. I think a lot of tech startups that we know are currently in phase 2, meaning they’ve thrown money out the window for years and are now trying to recoup their investments.

Also, Reddit wants to go public and Twitter already is. This is relevant because investors are animals, all they see is short-term profit, and they use their voting power to make the company behave that way.

There’s a common thread between both my theories: it’s shareholder capitalism. I say this as a lifelong shareholder myself, shareholders ruin everything.

[-] plum@lemmy.ca 12 points 1 year ago

Great point that shareholders ruin everything. I invest but I’ll avoid certain companies or industries that don’t align with my values, even if those stocks have the most potential profitability. But this seems to be a very uncommon habit in the investing world.

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this post was submitted on 02 Jul 2023
1779 points (97.3% liked)

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