Rabbithole , 11 months ago

You're seeing a bubble burst.

The VC money is drying up and the current social media funding paradigm is breaking because of it.

It's a bit like witnessing the Dot Com bubble burst again tbh.

It's about time we moved on to a better way of doing things anyway, I'm pretty good with moving away from the old ad-based, exploit your community for profit model, personally.