this post was submitted on 03 Jul 2023
3 points (100.0% liked)

Technology

104 readers
2 users here now

This magazine is dedicated to discussions on the latest developments, trends, and innovations in the world of technology. Whether you are a tech enthusiast, a developer, or simply curious about the latest gadgets and software, this is the place for you. Here you can share your knowledge, ask questions, and engage in discussions on topics such as artificial intelligence, robotics, cloud computing, cybersecurity, and more. From the impact of technology on society to the ethical considerations of new technologies, this category covers a wide range of topics related to technology. Join the conversation and let's explore the ever-evolving world of technology together!

founded 2 years ago
 

Like many people I'm here because of reddit going to shit. Twitter has increasingly been shit. gycat is shutting down in September. To me it seems like lots of bastions of social media are crumpling, but as a previous active reddit user, I've been personally effected. Is this just a frequency illusion or has something changed in the world that has changed the business case of these sites?

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago (2 children)

Exactly this. The money tap has dried up post pandemic and they are seeking new revenue streams while also slashing costs. The hunger for perpetual growth to sate the investor class and their matyroshka nesting yachts is driving these decisions.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)
[–] Shalaska 1 points 1 year ago

This is the corporate ethos now. The company I currently work for requires a minimum of 10% growth annually or we are failing. 9% and we are facing layoffs. Doesn’t help that we have a fixed customer base and new installations are a year long affair with RFPs and million dollar bids. I believe perpetual growth is a myth that will eventually catch up to all these corporations, but what do I know since I don’t have an MBA or a three letter title starting with C.