121
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 19 Jul 2023
121 points (100.0% liked)
Technology
37603 readers
607 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
@rainpoint @RealAccountNameHere Their venture investment has dried up after they used their last round of ~$250m to more than double their workforce in less than two years in a drive to capitalise on crypto shit. Now they've had their valuation roughly halved and are left in a really tricky position, desperately needing to monetise to survive.
Spez was chasing an IPO in all the ways you'd expect of a modern techbro, completely misreading the NFT craze and the impact of enshittification.