this post was submitted on 01 Jul 2023
941 points (97.7% liked)

Technology

59665 readers
3556 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
941
Twitter tells users to touch grass, adds new rule limiting how many tweets you can read per day (self.technology)
submitted 1 year ago by NevermindNoMind to c/technology
115 comments fedilink hide all child comments
 

Elon has responded to the criticism and is increasing the limits to a whopping:

Verified accounts: 8000 posts/day
Unverified accounts: 800 posts/day
New unverified accounts: 400 posts/day
you are viewing a single comment's thread
view the rest of the comments
[โ€“] jantin 43 points 1 year ago (1 children)

not coincidence, but not conspiracy either. Smarter people would explain it better, but essentially big-money investors got fed up (hehe fed) with unprofitable 15-year-old startups and demanded returns on their investments. This means a big social media platform needs to either start generating cash or get new cash quickly to pay ~~CEO's early retirement~~ bills. Reddit's IPO is an attempt at getting cash quickly - tell the suits at Wall Street that if they give Spez money he'll give them more money later on. To make this claim even remotely credible he needs to plug holes and at least stop losing so much. Plugging holes means killing off everything that can be easily killed to reduce operating cost, such as API, trimming workforce etc.

This happens all across the industry, I wouldn't blame it on some big setup by billionaires, Saudis and Xi Jinping. Just economy doing its things but this time it does things with services used by millions. The one question is how long until the bulk user has enough and leaves bringing the whole house down.

[โ€“] queermunist 8 points 1 year ago

I'm convinced this all goes back to Silicon Valley Bank imploding and then everyone just pretending we didn't have a banking crisis lol