• 0 Posts
  • 6 Comments
Joined 1 year ago
Cake day: June 15th, 2023
  • reverendz@kbin.socialtoTechnology@lemmy.fmhy.ml•Twitter locked behind login page.
    8·
    1 year ago

    @ColonelSanders

    @Martineski

    The era of easy VC money is over. All these companies that exploded with growth on low-interest-rate-investor-cash are having to show profitability to shareholders.

    I’ve seen this before. Been involved in tech since the mid 90’s. During the Dot Com boom of the late 90s it was NUTS what some of the companies would provide for employees. I worked for a place that basically provided free food for employees. I literally didn’t shop for groceries for a few months, I’d just bring some of it home with me.

    When the “Dot Bomb” exploded in the early 00’s it was an abrupt shift and it happened so quickly I remember everyone being shocked and upset.

    I remember feeling real lucky to have a job in '08 and '09 when the recession got bad. However, things got better and you began to see more perks from tech companies.

    Now it’s cycling back again. It’s only a matter of time before someone from the government says “recession”. In the meanwhile, a lot of these tech companies are acting like any other big business and they’re squeezing what they can out of users to be more profitable in the short term.

    While I definitely think there are issues with federation, it couldn’t have become popular at a better time. IMO while most users will put up with what these companies are doing, you’re going to see more tech orientated people migrating to federation in some flavor or another. Eventually, it or something akin to it will get more polished and the mainstream will follow. And the cycle repeats.