Alt text:
Star wars meme: Mon Mothma (Mastodon) stands before 5 other men/admirals (Writefreely, Lemmy, Peertube, Pixelfed, Friendica). She says: "The emperor has made a critical error and the time for our attack has come."
From Mastodon post: https://thecanadian.social/@EduMario/110648892924769509
Oh... I just thought that something more specific happened... Ok!
The US Federal Reserve raised interest rates, which means VCs are investing less, meaning that operating at a loss is becoming less profitable, which is leading to Big Tech's greed becoming much more obvious.
Who would have thought that dumping money on something just because it is cool, would not be a good idea!
No worries. Just the usual downfall of digital society. No special occasion. 😅