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Why do so many tech companies, like Reddit and Twitter are making their platforms worse for their users all of a sudden? (self.asklemmy)

submitted 1 year ago by cilantrillo to c/[email protected]

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[–] xtract 32 points 1 year ago (1 children)

Money was basically free until now, making promises of infinite growth to investors possible. Not anymore.

[–] mcpheeandme 8 points 1 year ago

This is the best answer. For a long time, VCs were willing to load up all sorts of startups and growth-stage companies with cash. But that changed last year. Suddenly, some investors found it made more sense to park their money in less risky, less time-consuming opportunities. That included stuff like bonds. Higher interest rates and an economy in crunch mode made the need to make money now more important than before.