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This has been a strange year.

  • jray4559@lemmy.fmhy.ml
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    1 year ago

    Man this year has just been a total collapse of everything:

    character,ai filtrations

    GPT slowly being neutered thanks to societal concerns

    Twitter being fucked by Mr. Elon “I know everything” Musk

    Imgur cleaning house for no reason

    Reddit dropping a nuke on 3rd Party apps

    Netflix killing password sharing

    Youtube feeling in to kill adblockers

    -and now gfycat is about to collapse entirely.

    What the actual fuck?

    • Vlhacs@reddthat.com
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      1 year ago

      Yet another step toward end game capitalism where nothing’s free/affordable anymore and only way to consume basic entertainment is either through a paid service or absolutely ridiculous ads everywhere. Where CEOs are squeezed by shareholders for every last extra % in their returns and in turn makes their product as anti consumer as possible except for the top 1% that can afford it.

    • sweBers@lemmy.fmhy.ml
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      1 year ago

      Tech CEOs: Turns out the cloud costs money. Who knew? What next, credits are going to send me bills, lol? I already spent that money.

    • OsrsNeedsF2P@lemmy.ml
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      1 year ago

      Bonds are a really good deal right now, which makes more people want to loan the government money than each other. This leads to less people overleveraging, which most companies depend on for growth.

      All of the businesses you mentioned were overleveraged, so it’s understandable that they’d crack under the pressure

      (Note: The bonds market is referring to the US, but the effects are global)