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  • @progandy@feddit.deEnglish
    2•1 year ago

    It is not only the pandemic. Even before, during the last decade or so, they got the VC investments. Now with rising interest rates and the shift to AI capital is drying up for the web2.0 bubble.

    • @Telodzrum@lemmy.mlEnglish
      2•1 year ago

      Yeah, painting this as a downstream effect of the pandemic is just wrong. This has been coming for a long time and would have happened no matter what caused interest rates to rise.