this post was submitted on 14 Jul 2023
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We should not let the open web die a quiet death (www.wired.com)
submitted 1 year ago by aCosmicWave@lemm.ee to c/technology@lemmy.world
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[–] Beliriel@lemmy.world 9 points 1 year ago

Yeah well it's called web 2.0 so naturally we need a dot.com bubble 2.0, only it's just the data bubble and failure to monetize it or rather you can't just monetize social media data. Turns out that data is still not much use to advertisers no matter how manipulative and optimized their method is. Data is still data and not money. The only institutions really actually getting use out of that would be governments (look at China). VC are pulling out and advertisers are pulling out.