this post was submitted on 27 Jun 2023
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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
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[–] underisk@lemmy.ml 7 points 1 year ago

My guess is their funding dried up due to recent financial system instability causing venture capitalists to stop blindly handing out money. That plus the NFT shit they were into suggests they might have had some exposure to the recent crypto fallout as well. The upcoming IPO and the way spez seems determined to see this through no matter what screams looming financial crisis.