The current prime interest rate means it’s more expensive to borrow money right now, which means PE and VC are not throwing money at tech firms that aren’t traditionally profitable anymore. Plex likely runs at a steep loss and relies on private capital to stay afloat.
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Joined 1 year ago
Cake day: June 10th, 2023
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You forgot the last part “But, keep the money coming and send us all of your cultural exports, too.”
1·1 year agoYour comments and posts are PII. It doesn’t apply, at all.
Be more of a caricature
100% agree
It’s funny, they commenter in that chain are calling out Lemmy users for being blind to dev-related issues, but they demonstrate a strong myopic slant on their own assessment of the landscape.
That’s probably because the Lemmy dev’s “politics” are beliefs that have no place in a civilized society. Luckily, Lemmy itself and the fediverse writ large don’t have any relationship to those beliefs.
Holy shit
It’s neither of those things, at all.