fne8w2ah@lemmy.world to Reddit@lemmy.worldEnglish · 1 year agoReddit discontinues coins and awards after switching to paid APIwww.androidpolice.comexternal-linkmessage-square26fedilinkarrow-up1224arrow-down110
arrow-up1214arrow-down1external-linkReddit discontinues coins and awards after switching to paid APIwww.androidpolice.comfne8w2ah@lemmy.world to Reddit@lemmy.worldEnglish · 1 year agomessage-square26fedilink
minus-squareKichae@kbin.sociallinkfedilinkarrow-up11·1 year agoThey’re not actually high, though. They were basically non-existent for 15 years, but now they’re basically back to 2007 levels. This is VC’s signalling that they don’t believe these social platforms can survive in an era where money isn’t literally free for them.
minus-squaremohKohn@kbin.sociallinkfedilinkarrow-up1·1 year agoIt does look like the 1 year tbill is back at the rate in the 90’s. for comparison, the inflation rate. Doesn’t really change the fact that the reason interest went up was because the Fed is combating inflation however.
They’re not actually high, though. They were basically non-existent for 15 years, but now they’re basically back to 2007 levels.
This is VC’s signalling that they don’t believe these social platforms can survive in an era where money isn’t literally free for them.
It does look like the 1 year tbill is back at the rate in the 90’s. for comparison, the inflation rate. Doesn’t really change the fact that the reason interest went up was because the Fed is combating inflation however.