this post was submitted on 30 Jun 2023
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Technology
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What's with every big tech company trying to destroy their userbase this year?
Interest rates hikes stopped the free money, so companies need profit.
I’d argue they don’t need $500 million when they already make $400 million, but I’m just a lowly peasant.
tl;dr: capitalism
they think they have us sufficiently cornered on centralized sites, they may be right.
Especially with video. Reddit was easy-ish to leave -- I haven't left entirely -- since it's just a link aggregator and glorified forums. That's nothing new to the Internet. And Twitter was easy to replace with Mastodon.
But hosting video? That's a tough one to replicate. I know there are some other platforms out there, but I can't imagine any could really take on YouTube, due to space and bandwidth considerations.
So yeah, I think YouTube has us all by the balls. And they know it.