First all the bs with Twitter and Elon, then Reddit having an exodus to Lemmy (not complaining lol), then Twitch. Are we like, in an alternate self healing dimension or something?

  • gotofritz@beehaw.org
    1·
    2 years ago

    I think this is “normal” and the previous status was a glitch due to the low interest rates. Investors threw money at tech companies and didn’t care whether they made any money. Not any more. It’s now “make money or go bust”. I am not sayiny these new trends will make them money, but IMHO it’s what’s driving them

    • abraxas@lemmy.ml
      1·
      2 years ago

      I dunno. A lot of the investors were (are) on waverides from previous success. There are absolutely loan-backed ones, but as one startup investor said to me “I look for 200-300% return in 5 years to not call something a failure.” With expectations like that, you hold to record profits even if 2/3 the companies you invest in fail.