this post was submitted on 30 Jun 2023
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Technology

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Whelp, here we go again

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[–] themizarkshow@lemm.ee 19 points 1 year ago (2 children)

What's with every big tech company trying to destroy their userbase this year?

[–] stallmer@lemmy.one 12 points 1 year ago

Interest rates hikes stopped the free money, so companies need profit.

I’d argue they don’t need $500 million when they already make $400 million, but I’m just a lowly peasant.

tl;dr: capitalism

[–] bren42069@iusearchlinux.fyi 6 points 1 year ago (1 children)

they think they have us sufficiently cornered on centralized sites, they may be right.

[–] JCPhoenix@beehaw.org 7 points 1 year ago

Especially with video. Reddit was easy-ish to leave -- I haven't left entirely -- since it's just a link aggregator and glorified forums. That's nothing new to the Internet. And Twitter was easy to replace with Mastodon.

But hosting video? That's a tough one to replicate. I know there are some other platforms out there, but I can't imagine any could really take on YouTube, due to space and bandwidth considerations.

So yeah, I think YouTube has us all by the balls. And they know it.