this post was submitted on 01 Jul 2023
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submitted 2 years ago by PopBobert@lemmy.world to c/technology@lemmy.world
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[–] WrittenWeird@lemmy.world 9 points 2 years ago

I think we are seeing the initial stages of the next dotcom bubble pop. It's no longer seen as a good idea to pour endless piles of money into platforms that have rarely if ever been profitable. It's time to get into the black or the funds will dry up. Elon's antics may have just sped it along, otherwise you can thank this perpetually-approaching "recession" for it.