Since about a year ago, we entered the era of consolidation. The margin call of tech. A decade of outsized unprofitable interest-free investments sure is fun, b

Since about a year ago, we entered the era of consolidation. The margin call of tech. A decade of outsized unprofitable interest-free investments sure is fun, but there comes a time to pay it back. That time is now. Companies that are not profitable should very soon be profitable. Companies that are profitable yet are stagnating need to show their next growth. And that's why you have this intensity in amping up monetization across several companies. You can be absolutely sure that tech leaders are keenly watching the effects of bold moves at Twitter, Reddit, the like. Companies testing the waters to see how far they can go. We had it coming and probably shouldn't complain that much. As the dutch saying goes: when shaven, sit still. Your expectations are based on party mode, but the party stopped.