Why all of a sudden tech companies are not being favorable to their users?
Why all of a sudden tech companies are not being favorable to their users?
YouTube disallowing adblockers, Reddit charging for API usage, Twitter blocking non-registered users. These events happen almost at the same time. Is this one of the effects of the tech bubble burst?
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Could it be related to the silicon valley bank going under maybe?
Kinda? The bank going under is indicative of financial instability in the wake of COVID, and it's that same financial uncertainty coupled with rising inflation that has put an end to the bottomless well of venture capital that tech companies used to take advantage of.
SVB was killed because their customers did a run on the bank (withdrew large amounts of money in fear of a collapse) and they didn't have enough in assets to cover it all, which led to the inevitable collapse. A bit like how early in the COVID days, there was fear that stores would run out of supplies, so people bought up everything they could in bulk and then the stores ran out of supplies. Panic about a potential outcome which then causes that outcome to happen.