I would have expected Meta to have learned by Elons mistakes but I was just asked if I want to subscribe for a blue tick to verify my account to make my followers feelnsafer

eggshappedegg@sopuli.xyz to Technology@lemmy.world – 314 points –
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are tech companies doing this now-paid-but-was-free-for-a-long-time service because they know their company is failing (or soon to fail), so they are trying to accumulate as much money as they can before sh*t hits the fan?

A lot of social media companies aren't profitable, but they didn't care because of cheap loans and lots of investors. Now that loans are more ecpensive and investors want AI, social media companies are realizing, "We need to make money, or investors will hate us", and are locking things down. Twitter, Reddit, Youtube, and Tumblr are some of the examples we see. All trying to push subscriptions or block adblockers.

I am not an economist, but I have an idea that this is because the alternatives have done that too, and since this renders the point of moving invalid, they might as well also introduce the same stuff