The tech industry has always been highly speculative. What we saw in the 2010s was only made possible through venture capital and high digital advertising budgets.
Now that there’s uncertainty and investments are expensive due to high interest rates, VC and advertisers are pulling back. As a result, we’re seeing a bunch of business models that have never been viable on their own have to try and support themselves for the first time.
Its not a tech issue, its a finance issue.
The tech industry has always been highly speculative. What we saw in the 2010s was only made possible through venture capital and high digital advertising budgets.
Now that there’s uncertainty and investments are expensive due to high interest rates, VC and advertisers are pulling back. As a result, we’re seeing a bunch of business models that have never been viable on their own have to try and support themselves for the first time.