A lot of tech companies grew unreasonably fast during the COVID lockdowns, and assumed their new traffic patterns were permanent. Couple that with a general global recession, and you’ve got companies that overextended themselves, desperate to make some money back before people realize the emperor has no clothes
Enshitification is in full force
Yeah what is it with 2023 and enshittification? This has been such a bad year in general
I’m guessing venture capitalists trying to reel in some profits after racing to outspend each other. I expect many services to implode.
A lot of tech companies grew unreasonably fast during the COVID lockdowns, and assumed their new traffic patterns were permanent. Couple that with a general global recession, and you’ve got companies that overextended themselves, desperate to make some money back before people realize the emperor has no clothes
That would make sense