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
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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