this post was submitted on 19 Sep 2023
1610 points (98.6% liked)
Memes
45584 readers
2375 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not only Infinite growths, but infinite money. Since at least 2008, money was almost free for tech companies and somehow nobody cared, that they never made any profit - Twitter had like 2 profitable quarters in its entire history.
Now that interest rates went up, investors want to see results and if you can't burn through venture capital anymore, you have to get money somewhere else.