Why big tech companies suck right now. Looking at you Amazon, Netflix, Uber, Spotify, Facebook, Snapchat, Instagram, TikTok, YouTube… (sponsor was here)

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  • taanegl@lemmy.worldEnglish
    5·
    8 months ago

    The venture capital samba:

    1. Make free service (it’ll pan out, trust me bro).
    2. 1 years passes… trust me bro
    3. 3 years passes… look at all this user data we can sell - trust me bro
    4. 2 more year passes… look, we’re going to have to fire some people…
    5. 1 year passes… we’re not really making any money, so trust me bro - we’re only going to increase subscription fees a little…
    6. 1 year later, increase subscription fees…
    7. 1 year later, increase subscription fees…
    8. 1 year later, increase subscription fees…
    9. Listen, Mr Creditor - I have liquidity. So much liquidity. I’m rife with the stuff… increase subscription fees

    And so forth, and so on…