this post was submitted on 27 Jun 2023
163 points (100.0% liked)

Reddit

13633 readers
1 users here now

founded 5 years ago
MODERATORS
norz@lemmy.ml
163
Random YouTube comment on the whole Reddit situation that perfectly sums up my thoughts (lemmy.ml)
submitted 1 year ago* (last edited 1 year ago) by Huschke@lemmy.ml to c/reddit@lemmy.ml
29 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Gradually_Adjusting@lemmy.whynotdrs.org 9 points 1 year ago

A distant cause is likely the changes in monetary policy (rate hikes). The tech sector has been structuring their capital as if borrowing would always be cheap, and they were unprepared for a sudden flight toward sustainable cash flow.

I think their only hope for "fuck you money" at this point is to cash out at IPO and watch it burn.