The meltdown happening right now is surely a spectacle to watch on the side lines.
The free VC money to tech ran dry, as the interest rates began to rise over the past year or so. I wonder if Reddit is feeling the pain and they’re desperate enough to pull all this shit? Or are they trying to do an IPO before they run out of money and now try to push up any possible revenue, including the recent lay-offs?
I think they are also wanting to generate revenue off of that LLM pie. Third party apps dying are just a side effect of what they believe the AI customers can afford. Probably a convenient side effect for their IPO numbers.
The meltdown happening right now is surely a spectacle to watch on the side lines.
The free VC money to tech ran dry, as the interest rates began to rise over the past year or so. I wonder if Reddit is feeling the pain and they’re desperate enough to pull all this shit? Or are they trying to do an IPO before they run out of money and now try to push up any possible revenue, including the recent lay-offs?
In any case, keep the pop corns warm and close.
I think they are also wanting to generate revenue off of that LLM pie. Third party apps dying are just a side effect of what they believe the AI customers can afford. Probably a convenient side effect for their IPO numbers.