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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? (lemmy.world)

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

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[–] [email protected] 5 points 1 year ago (1 children)

This is the answer. The age of free money is over and now we are seeing the effect; rampant inflation and high interest rates. The chickens come home to roost, always.

As a result, the burn rate and runway is starting to be factors in all businesses that aren’t making a profit.

[–] [email protected] 1 points 1 year ago

Yep, VCs are unwilling to just fund any old thing hoping they'll hit the lottery right now when money is "expensive".