1
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Jul 2023
1 points (100.0% liked)
technology
23182 readers
199 users here now
On the road to fully automated luxury gay space communism.
Spreading Linux propaganda since 2020
- Ways to run Microsoft/Adobe and more on Linux
- The Ultimate FOSS Guide For Android
- Great libre software on Windows
- Hey you, the lib still using Chrome. Read this post!
Rules:
- 1. Obviously abide by the sitewide code of conduct. Bigotry will be met with an immediate ban
- 2. This community is about technology. Offtopic is permitted as long as it is kept in the comment sections
- 3. Although this is not /c/libre, FOSS related posting is tolerated, and even welcome in the case of effort posts
- 4. We believe technology should be liberating. As such, avoid promoting proprietary and/or bourgeois technology
- 5. Explanatory posts to correct the potential mistakes a comrade made in a post of their own are allowed, as long as they remain respectful
- 6. No crypto (Bitcoin, NFT, etc.) speculation, unless it is purely informative and not too cringe
- 7. Absolutely no tech bro shit. If you have a good opinion of Silicon Valley billionaires please manifest yourself so we can ban you.
founded 4 years ago
MODERATORS
Is there some kind of enshitification domino effect going on right now or what? So many user-hostile decisions being made nearly at the same time can't be coincidence.
Free VC tech money has dried up post COVID, the bubble has burst. Capitalists want a return on investment now. Most IT stuff is not profitable. YouTube isn't profitable, most Amazon clones aren't profitable, social media outside of the Facebook/meta owned model is not profitable.
Does anyone else find it really funny that the model just doesn't exist? The Vultures Capitalists are busting at the seems for 20 years now, the next big app is gonna break free! but no, its not.
The actual start-ups never need to profit. The VCs invest early when they are worthless, hype the shit out of them, and liquidate their positions at IPO time to start the cycle anew. A bunch of suckers get left holding newly minted overvalued stock in doomed companies.
Yea, sounds right. Or as the imminent humanities scholar and Chicago saloon owner, Michael Cassius McDonald once put it, "...There's a sucker born every minute."