The bigger problem is the plan was basically infinte growth and was only possible due to 0% intrest rates.
The last 15 years has been a weird fever dream of free money, now that intrest is a thing again suddenly the infinte spending expansion and figure out profitablity later model is no longer sustianable and reddit twitter google meta ect suddenly have to actually make money again.
Basically the internet everyone has been used to for 15 years is dead as the reality of debt suddenly resumes.
Expect things to keep getting worse or revert to the old version of the internet of scattered low power sites and forums.
Frankly only microsoft is really the only one that has a somewhat sustianable model for an intrest rate enviroment.
> Expect things to keep getting worse or revert to the old version of the internet of scattered low power sites and forums.
This is actually the most mood-lightening comment I've seen on this matter. A return to the internet of 15 years ago doesn't sound so bad to me. (Of course, the mood darkens again when I remember that it won't really be that, because, e.g., that internet of 15 years ago couldn't handle the bot-spam of today.)
