Massive cash burn was an absolutely key feature of the dotcom boom/bust. Admittedly, it never really went away - there's always been a free->enshittification pr

Massive cash burn was an absolutely key feature of the dotcom boom/bust. Admittedly, it never really went away - there's always been a free->enshittification profit taking cycle since then. It's just the scale that's terrifyingly different this time.