this post was submitted on 29 Jul 2023
1261 points (98.2% liked)

Technology

60060 readers
3358 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
1261
Google tries to defend its Web Environment Integrity (techreport.com)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
194 comments fedilink hide all child comments
 

I'm happy to see this being noticed more and more. Google wants to destroy the open web, so it's a lot at stake.

Google basically says "Trust us". What a joke.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

I'm just a layman, but it has been nagging my brain how all these big tech companies seem to be turning shitty all at once. I've seen others propose similar explanations, but the basic idea is that the historically low rates got them addicted to "free" capital. Now the faucet has been slammed shut and they have to make up for the shortfall.

Also, it's not just big tech at fault. The massive worldwide inflation we've experienced happened for the same reason - shortsighted greed.

[โ€“] [email protected] 2 points 1 year ago* (last edited 1 year ago)

It's definitely the high interest rates. All of tech has been built on venture capitalist money with "grow at all costs" as the primary strategy. With sustained higher interest rates, VC money is much harder to get. The focus has gone from "grow at all costs" to "become profitable at all costs." It's jarring, and it's happening everywhere at the same time.