Its pretty simple: Their businesses were built when it was cheap to borrow money. The pandemic caused large inflation. In response feds all around the world have greatly increased prime interest rates. Now their ‘run large deficits to expand’ business model is more expensive and they need to compete against increasingly valuable bonds as a competing source of investment. All of this means they need to aggressively chase improved profitability.
That seems like the reverse. The high rate environment made startups stingy which (along with that one newsletter saying SVB ran out of money) caused the run that killed SVB.
Quit X. It sucks and now folks have an easy rationalization to do so
Fuck Reddit --> Lemmy
Lots of options to get around Yootube+ I wouldn’t be averse ro privately pay to help subsidize the inevitably insane cost of hosting and rendering old/current/new content but I know how Ggle will abuse being able to connect me in any way to it
I hope more people start doing something akin to Schrab Home Video, building live TV online on a shoe string budget just for fun and community. Creative tools are widespread enough that content is as easy to create as ever, and self hosted stuff is really taking off.
Twitter being ruined by Musk.
Reddit switching limiting other apps, and now blocking google.
YouTube detecting ad blockers.
Strange choices.
Its pretty simple: Their businesses were built when it was cheap to borrow money. The pandemic caused large inflation. In response feds all around the world have greatly increased prime interest rates. Now their ‘run large deficits to expand’ business model is more expensive and they need to compete against increasingly valuable bonds as a competing source of investment. All of this means they need to aggressively chase improved profitability.
SVB failing caused a lot of this.
That seems like the reverse. The high rate environment made startups stingy which (along with that one newsletter saying SVB ran out of money) caused the run that killed SVB.
…how?
I hope more people start doing something akin to Schrab Home Video, building live TV online on a shoe string budget just for fun and community. Creative tools are widespread enough that content is as easy to create as ever, and self hosted stuff is really taking off.
I have such a soft spot for like randomly produced zero-production-value content. We all likely started there and I never get tired of it.
Keep it shitty. Modern folk tale style.
One of my fave parts of Sunny if not my fave is their collection of shitty footage they’ve shot and archived for various schemes. So relatable
That Doctorow essay seems appropriate: https://pluralistic.net/2023/07/28/microincentives-and-enshittification/
@antidote101 @narwhal, the self-defense of monopolies, when their empire begins to collapse.
PS , apart of the adblock this will also help in YT
https://greasyfork.org/en/scripts/477725-youtube-iframe-adblocker