Technology
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
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I don't think that's true. The web is growing.
However what you might be seeing is a natural progression of a web project. Reality is that not many business projects in IT make it to 10+ years.
The internet users are learning about corporate greed and rights!
louis rossman talks about this in two of his recent videos on twitter and reddit. obviously he tackles it using layman's terms, but there's still a lot of valuable insights and it's super palatable.
essentially it boils down to what @OsrsNeedsF2P@lemmy.ml says here:
"The valuation of a lot of these sites was grossly inflated by the market, so when the largest shareholders saw their billions halve and know what the future holds, they start doing things to temporarily boost their profit margins and sell off the company."
Shareholders and public companies :(
Specifically infinite/increasing-growth capitalism.
They need to grow profits/value. These social media tech companies have about saturated potential user base. People are foreseeing a slow-down in ad budgets, and user-data is becoming a commodity. These realities, plus the need to drive up profits, leaves these companies with "no choice" but to seek more and more user-hostile features and rent-seeking behavior to satisfy investors. This was probably a long time coming, and was sorta delayed by valuation gains via an overpriced market. Now the investor love affair with tech has cooled a bit, and they're asking more for hard-profit on the balance sheets.
The other thing that is ripping through social media platforms is a kind of 'outrage' or FOMO among leadership that LLM builders like OpenAI are eating lunch at their table by consuming their user content for training. This feeds into the previous point because they think that their users content can be a product of its own beyond attracting more users or being leveraged by ads. I am not so sure about this because these companies have already gotten their 'lunch' if they wanted it, and I am dubious about the value of a model built on data as provided by Reddit's finest minds, and these platforms have patently failed to stop disinformation bots (which will get worse from these LLMs). But who knows.
Let them self destruct.
I'm just glad to have found this place. 😂
The reality is that nothing is really dying and nothing is really changing. Twitter is still fully operational and other than a small hit nothing happened. Twitch already did a step back. For Reddit we'll see but only a really small percentage of reddit is using third party apps.