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everything post 2008 was a 0% interest rate phenomenon, now all these tech companies have to find a way to turn a profit rather than running as zombie companies
by ren_engineer 3y ago
everything post 2008 was a 0% interest rate phenomenon, now all these tech companies have to find a way to turn a profit rather than running as zombie companies with fake valuations propped up by cheap VC money. It's going to take years for this to all shake out and a lot of "best practices" are now invalid
it's not a coincidence that all these companies are locking down APIs, fighting against scraping, and doing other cost cutting measures at the expense of users, all at the same time. You can't raise money easily anymore, so showing revenue is more important than user count or other fluff metrics
- etimberg 3y agoYeah, I think the next big thing will be value engineering and that's going to be a big shift for those not used to leaner budgets