Gregory's Server@dbreunig half of my left-economic social media sphere is angry that "companies are maximizing profits at the cost of everything" and the other half is angry that "startups are burning investor money and never make a profit” :)
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@dbreunig half of my left-economic social media sphere is angry that "companies are maximizing profits at the cost of everything" and the other half is angry that "startups are burning investor money and never make a profit” :) 1 comment
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@tmcw Those two things are definately related! There was a lack of oxygen to create a sustainable startup because you were competing with VC-funded, growth-over-all behemoths. To compete with them you had to be laser focused on profits and have no waste. And now, with higher rates, those growth-over-all companies have to become suddenly profit focused. So a lot gets cut.
Also, Google's incentives are fundamentally broken because, "sufficiently profitable" means, "could be comparable to AdSense"