this post was submitted on 27 Jun 2023
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Random YouTube comment on the whole Reddit situation that perfectly sums up my thoughts (lemmy.ml)
submitted 1 year ago* (last edited 1 year ago) by Huschke@lemmy.ml to c/reddit@lemmy.ml
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[–] Gradually_Adjusting@lemmy.whynotdrs.org 8 points 1 year ago

A distant cause is likely the changes in monetary policy (rate hikes). The tech sector has been structuring their capital as if borrowing would always be cheap, and they were unprepared for a sudden flight toward sustainable cash flow.

I think their only hope for "fuck you money" at this point is to cash out at IPO and watch it burn.