I mean there’s Reddit ofc, as well as Twitter in its entirety, Discord is implementing some dumb updates, there are issues with Tumblr as well as everything to do with Meta, and I’m sure there are plenty more (and I haven’t even touched other digital media, for example the Sims). Why is it all happening in the span of about a couple months?

  • @Phantom_Engineer
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    1 year ago

    The tech bubble is over (kinda, they’re trying to spin it back up with AI) and so is the free money party. Rates are rising, and investors aren’t content to throw money at companies that still don’t know how they’re going to make any money. To make money, they’ve got to squeeze it out of somebody: either users or advertisers.

    In Twitter’s case, they squeezed it out of a vain billionaire who they convinced to buy the company. The shareholders got their money, and now making a profit is somebody else’s problem. Reddit could’ve similarly tried to court a buyer, but there’s no guarantee they would have found one (maybe Meta?). Instead they’re trying to a gin up some revenue either out of third party apps or by pushing third party app users onto the main app so they can advertise to them. I haven’t been following Discord and Meta’s stuff, but the reasoning is probably similar.