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this post was submitted on 17 Aug 2023
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What has gone so wrong with all these gigantic social media companies that they had to start all collectively digging their graves in the 2020s?
I'm not any kind of economist or anything, but one theory I read is that the collapse of the Silicon Valley Bank scared investors and venture capitalists into wanting a ROI ASAP.
That makes sense for some, but Facebook started it's wrist cutting before that, and YouTube has been testing out how far they can push the line for a long time, but the last few years it seems like all of them are working double time to drive all their users away.
Money costs money for the first time since 2008.
We all died from covid three years ago.
This is actually hell.