The user bubble has popped now that investors started questioning why the fuck they’ve been investing huge amounts of money into companies that make no money just because they have lots of users. With that investment money drying up, these tech companies are desperate to start making a profit so they can survive and grow their value still.
TLDR: investment in unprofitable tech companies is drying up and companies that aren’t profitable are scrambling to make money.
I also think that the money Elon spent on Twitter has them licking their lips too. Also, Reddit itself probably finally sees it’s big payday with the AI hype and wanting to IPO soon, but they ain’t getting that bag of cash if they give away all their data for free.
The user bubble has popped now that investors started questioning why the fuck they’ve been investing huge amounts of money into companies that make no money just because they have lots of users. With that investment money drying up, these tech companies are desperate to start making a profit so they can survive and grow their value still.
TLDR: investment in unprofitable tech companies is drying up and companies that aren’t profitable are scrambling to make money.
I also think that the money Elon spent on Twitter has them licking their lips too. Also, Reddit itself probably finally sees it’s big payday with the AI hype and wanting to IPO soon, but they ain’t getting that bag of cash if they give away all their data for free.