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this post was submitted on 16 Jun 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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I said it in another thread but it seems like the past year has been a lot of masks off for the owner class utterly losing it about the peasants not getting in line.
Honestly I wonder if the isolation they’ve had over the past few years has left their reality testing a bit off
I think it's just the feds raising interest rates "forcing" all the internet companies operating at a loss to determine that now is the time to yank the carpet.
They've been using their free-flowing access to easy, low-interest capital to expand as rapidly as possible to insert themselves as broadly into people's lives as possible, so that the profitability is maximized when they decide to flip into exploitation overdrive.
You can see this happening with Twitter, Reddit and Google seemingly all at once.