magic_lobster_party

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Joined 3 months ago
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Cake day: August 15th, 2024

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  • What’s happening is that support from VC money is drying up. Tech companies have for a long time survived on the promise that they will eventually be much more profitable in the future. It doesn’t matter if it’s not profitable today. They will be in the future.

    Now we’re in a period where there’s more pressure on tech companies to be profitable today. That’s why they’re going for such anti consumer behaviors. They want to make more with less.

    I’m not sure if there’s a bubble bursting. It could just be a plateau.