Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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I genuinely think he's trying to scuttle the site to hide negative press for him and other billionaires.
Sure he could have just shut it down immediately as he bought it but if he did that, everyone would go to a single alternative, doing it slowly means that the people leaving go to a myriad of smaller (weaker, less likely to survive and less influencial) sites instead.
This idiot isn't thinking that far ahead.