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‘Reddit can survive without search’: company reportedly threatens to block Google
(www.theverge.com)
this post was submitted on 25 Oct 2023
117 points (89.3% liked)
Technology
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Its pretty simple: Their businesses were built when it was cheap to borrow money. The pandemic caused large inflation. In response feds all around the world have greatly increased prime interest rates. Now their 'run large deficits to expand' business model is more expensive and they need to compete against increasingly valuable bonds as a competing source of investment. All of this means they need to aggressively chase improved profitability.
SVB failing caused a lot of this.
That seems like the reverse. The high rate environment made startups stingy which (along with that one newsletter saying SVB ran out of money) caused the run that killed SVB.
...how?