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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That rather assumes that it actually matters that VC money is being wasted.
After all it keeps the money in circulation and keeps people employed. They then get paid and will then buy useful things from companies that do make profit, so in the end it all works out. It's only bad for the investors, but that's always been the thing about investment, it's always been a risk, and it's never been guaranteed.
If the goal is simply to keep money circulating and people employed, there are more efficient ways to do that.
Reddit, as a whole only has about 2000 employees.
"only 2000 employees" Reddit should have maybe 200 employees. 2000 is an insane number of people for a single relatively simple piece of software.
Especially since they have free content moderation. What are all those people even doing? They couldn't even keep Victoria for AMA's.