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?
There are larger macroeconomic issues at play here which are a big contributor to it. High inflation and an uncertain US economic situation has caused tech companies (as well as others) to lay off people and is making it harder for startups and smaller companies to raise capital to keep the lights on. So yes, there is something bigger going on that is indirectly causing all of this.
Yeah. It’s like it’s 2000 in the Bay Area all over again.