this post was submitted on 14 Sep 2023
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Fees of up to $0.20 per install threaten to upend large chunks of the industry.

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[–] Chozo@kbin.social 17 points 2 years ago (3 children)

Unity saw how Reddit killed off free users by raising prices to absurd rates, and how Reddit was largely unaffected by it as a whole. Not going to be surprised to see other types of platforms also follow suit.

[–] Corkyskog@sh.itjust.works 34 points 2 years ago (1 children)

Reddit largely unaffected

So they might say. However the post 3 up from this is an article about how their posts and comments have dropped 50 to 90% across major subreddits.

[–] sheogorath@lemmy.world 6 points 2 years ago

That's what happens if you piss off the 10 percent of your users that provides 90% of the meaningful engagement.

[–] HawlSera@lemm.ee 12 points 2 years ago (1 children)
[–] Lilith_the_serpent@lemmy.world 3 points 2 years ago

This is the way.

[–] Jaysyn@kbin.social 1 points 2 years ago (1 children)

I've read that this started with easy loan money drying up after the First Republic collapse.

[–] mwguy@infosec.pub 1 points 2 years ago* (last edited 2 years ago)

Easy money ending too quickly caused the First Republic collapse. Not the other way around. The Fed did a half a decade of rate hikes in a year.

Feb '22 rates were 0.08% by Feb '23 they were 4.57%. A 5700% increase in 12 months. First Republic collapsed on May '23.

An aggressive but responsible rate increase of 0.25% per quarter would have taken only 4 years to implement but would likely have led to zero bank failures.