Comment by thunderbird120

People are starting to come to terms with the new reality where tech companies actually need to have a viable business model which takes in more money than it expends. The return of nonzero interest rates means that the runway is no longer infinite, you can't just raise more money to cover costs forever, eventually you have to either take off or crash. This is revealing just how much of a nonsensical anomaly most of the 2010s were for many internet companies. COVID provided a brief return to this period but it couldn't last. The idea that large companies can be run at an operating loss indefinitely is going to be dying a slow painful death over the next few years along with any companies which can't make the transition to actually earning money, and that is the way it should be.