Just fucking terrible. Were low interest rates really the only thing propping up the internet we know and love? Cause it seems like every single internet company has coincidentally decided to diarrhea all over their own products since apparently loan rates of 5% (a third of the 15% rates common 30 years ago) are “too much to bear.”
this post was submitted on 26 Jul 2023
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Well, VC funding seemed to be the only thing propping up the corporate internet. Increasing interest rates is what caused VCs to stop wanting to invest in companies who operate at a loss.
The Internet should have never been corporatized and centralized to begin with.
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