this post was submitted on 24 Sep 2023
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Long-term I think corporate tech as we know it is screwed. Their explosive growth from the pandemic making everyone terminally online is drying up as more and more people go back to touching grass, so now the bill’s coming due and it’s only a matter of time now before Unreal also does something stupid we can’t even imagine for a quick buck
People were terminally online well before 2019. It exacerbated the problem but we're not going back. I don't really think that's a problem, technologically it pushed us further ahead which is always a good thing.
You're right in that we are starting to rediscover what it means to be physically social again. I think that's a good thing, too. People that got away with shit before aren't getting away with it any more.
The problem is that interest rates have gone up after being extremely low ever since the 2008 crash, so investors lost their endless supply of debt-fuelled free money. They can't pump money into companies operating at a loss anymore, so suddenly those companies have to find a way to turn a profit.