#I mean Tumblr is by far the social media with the highest user goodwill and investment but even here
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anarchotolkienist · 1 year ago
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The reason why social media has gotten so much worse recently (reddits recent fuck-up, everything on Twitter since Musk, FB being FB, Tumblrs various attempts at expanding profitability recently) is because it is no longer possible to exist as a company by fencing in large parts of our social life and having investment money pump in on the basis of expected future value of that amount of information when it suddenly costs money to loan money due to suddenly high interest rates after the inflationary crisis of the last year, which has made the current model of the Internet that has existed for the last about 10 years completely unsustainable. All of them need to become profitable or die, and they are learning very quickly that that just isn't possible no matter how much of the life and information of the users one steals. We are witnessing the death-throes of Web2.0, and what comes after is as yet unclear.
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