Like many people I’m here because of reddit going to shit. Twitter has increasingly been shit. gycat is shutting down in September. To me it seems like lots of bastions of social media are crumpling, but as a previous active reddit user, I’ve been personally effected. Is this just a frequency illusion or has something changed in the world that has changed the business case of these sites?
I think another major factor is that this is really the first time since 2008 that companies have had to deal with interest rates on their loans.
For 15 years, corporate money was functionally free from the government banks. It allowed a lot of things to happen that could not have otherwise happened.
Now that its not free anymore, the bar of profitability is suddenly a lot higher than it was last fall.