Comment on Unity rushes to clarify price increase plan, as game developers fume

<- View Parent
AClassyGentleman@lemmy.world ⁨1⁩ ⁨year⁩ ago

Capitalism defines success as profits increasing at an ever-increasing rate. During the height of the pandemic, tech companies tended to fare better than other industries because they were better able to handle the switch to remote work. This wasn’t lost on investors, who smelled money in the water, and went all in on tech. Like, seriously, colossal amounts of money, and they expect returns on those investments. Problem is, we’ve hit the point where the easy profit sources for these companies have more or less dried up, and now they’re having to squeeze whatever they can out. This is why we’ve seen massive layoffs, quick money making schemes, and things like this that will be disastrous in the long run, but stand to make some short-term profits.

It’s a boneheaded move, but when all you care about is pleasing the investors right now, it’s the logical way to operate.

source
Sort:hotnewtop