Silicon Valley braces for tech pullback after a decade of decadence

washingtonpost.com

31 points·pseudolus··9 comments

Uber has raised $33B to date and made $0 in operational profits.

You have to ask if that money might have better served humanity if it was spent on fusion research instead of subsidizing cheap taxis.

Who are you to decide? People decided with their wallets and votes.

Haha

Well, I just want to climb the mast of my imaginary ship and shout with all my force while the winds or recession are whistling on my ears - come at me, perfect storm, clean up our messy oceans, forgive the needed, and maybe get rid of all my yaml files

Even Washington Post writing clickbait titles. Nothing in the article talks about “decadence”

WaPo built a special tool they call 'Bandito' to A/B test headlines and pick the one that gets the most clicks: https://www.washingtonpost.com/pr/wp/2016/02/09/wsj-washingt...

I've noticed that headlines on some of the major news outlets sometimes change after the javascript fully loads. I don't follow WaPo, so this isn't unique to them.

> Year after year of rising valuations has created a pervasive feeling that there is nowhere to go but up. An entire generation of tech workers and founders have never worked in an industry without long lists of open jobs, new projects getting approved easily and employers throwing a stream of perks such as free meals and unlimited vacation at them.

This is pretty much a uniquely VC/SV thing.

Financial and health insurance companies come to mind. At least in my circle they get all those benefits

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