2,053 karma · joined March 22, 2013
I disagree with the assertion that in 5 years these companies may be heavily disrupted but these darlings that preyed on the fact the incumbents were ossified, large and slow are now themselves ossified, large and slow. The cycle continues on.
In the particular case of Twitter they're being actively driven into the ground by a guy who seems determined to wake up each day and not go to bed until he's made some very poor decisions so who knows, maybe they will crash and burn quickly.
Rounding error for most companies.
>The extra cost is a bit of Linux sys admin which can be fully automated
You are overweighting hard dollar costs and underweighting the value of engineering time. Maybe you're the worlds greatest devops/platform engineer/sysadmin and once you wire up everything in under 5 minutes it will never need maintenance ever again but for most everyone else speeding up image builds by using a service that someone else thinks about and does maintenance on is absolutely worth it for $170/mo.
I don't think shutting them down will stop it but I think a lot of todays hyper-partisan inflammation of the citizenry is owed to these platforms and their encouragement of any and all "engagement" on their platforms in service of ad dollars. These companies know how harmful these products are but since they're profitable they ignore the findings. I would argue that Meta/Facebook is the Philip Morris of our generation.
Crypto is in another winter cycle. We've seen this before. The interest rate/inflation story had a part to play in that but this is a normal market cycle for this sector.
> now the tech and real estate bubbles are popping.
I don't think the real estate bubble has "popped", rather cooling off from the massively overheated valuations in 2021. I don't see a cratering of existing home values (yet).
> I fear we're looking at a combination of the dot com crash + 2008
Turn off the news that spends all its time trying to convince you the sky is falling 24/7.