this post was submitted on 03 Jul 2023
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Unchecked corporate greed and no regards for users or communities that were built on these platforms. Hopefully the centralized ones will die from too many ads and user abandonment and the decentralized ones will rise and thrive.
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.
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.