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Literally taking away the bread and circuses (hexbear.net)

submitted 1 year ago by moondog@hexbear.net to c/chapotraphouse@hexbear.net

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[-] came_apart_at_Kmart@hexbear.net 89 points 1 year ago

i firmly believe it's the interest rate hike. the fed rate has been set to "free money" since the GFC in 2007.

[aside from a little blip between 2016 and COVID when rates were gradually increased up to a whopping 2% over 4 years before being flattened to "free money" when COVID hit].

now, in less than 1.5 years, it's gone from "free money" to 5.5%. that's enough to make "investors" [aka, people who negotiate giant loans from investment banks to invest in companies] squeamish about negotiating additional operating loans and pressuring executives to find money under the couch cushions, so to speak..

to be fair, i think the enshittification process of trying to squeeze a buck out of everything was inevitable to capitalism, but the rise of interest rates so high over such a short window set a fire under it.

[-] usernamesaredifficul@hexbear.net 67 points 1 year ago

i think the enshittification process of trying to squeeze a buck out of everything was inevitable to capitalism

you could even call it enclosure

[-] ScrewdriverFactoryFactoryProvider@hexbear.net 46 points 1 year ago

Digital enclosure is exactly what it is. Reddit did it to forums but the squeeze right now is to fully enclose the attention economy itself.

[-] fox@hexbear.net 17 points 1 year ago

Retvrn to phpbb

[-] autismdragon@hexbear.net 8 points 1 year ago

I was a big fan of Invisionfree. used to play Survivor ORGs on there. Tapatalk bought out zetaboards, the supposedly "upgraded" version of invisionfree that actually was worse, then transitioned all the already-zeta boards to tapatalk's own system which is WAY WAY WAY worse (zeta was at least usable) but they just straight up deleted any invision boards that weren't "upgraded" to zeta on time. They were doing transfers from the servers for awhile and I was able to "rescue" the games I hosted that way but so many boards are just gone now. And Invision had custome themes so the boards were pretty but tapatalk has just one ugly ass theme that sucks ass and I hate it.

They also bought out Yuku, deleted a bunch of inactive boards (including mine, that had some important memories on it) and transfered the active ones to their shitty system.

I fucking hate them.