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this post was submitted on 11 Jun 2023
788 points (100.0% liked)
Technology
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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
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Money. Tech was hot and trendy, so VCs were willing to continue pouring cash into a bottomless pit of unprofitable tech platforms, and now they're not so everyone has to figure out how to make money off of the community. In a surprise to absolutely no one that's been paying attention, companies filled with people that have never had to be profitable before are really bad at turning their company profitable and instead only manage to light large sections of it on fire. 🤷