this post was submitted on 17 Aug 2023
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I'm not any kind of economist or anything, but one theory I read is that the collapse of the Silicon Valley Bank scared investors and venture capitalists into wanting a ROI ASAP.
That makes sense for some, but Facebook started it's wrist cutting before that, and YouTube has been testing out how far they can push the line for a long time, but the last few years it seems like all of them are working double time to drive all their users away.