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Gitlab has introduced a five-user limit for free groups

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160 points MattIPv4 | 1 comments | 20 Jun 23 17:14 UTC | HN request time: 0s | source
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pyeri ◴[20 Jun 23 18:03 UTC] No.36407997[source]▶
Why have technology companies become so greedy all over the world these days? Is it because recession is putting pressure on their revenues or have they collectively decided that time to cash in has come now?
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freedomben ◴[20 Jun 23 18:07 UTC] No.36408060[source]▶
It's because they are ultimately beholden to "shareholders" and "shareholders" nowadays expect continual growth. Not maintaining the "growth" will cause the share price to plummet and will eventually get the CEO fired. Furthermore, the high interest rates we have now are squeezing the hell out of margins, requiring these CEOs to look for turnips from which they can squeeze some blood.

So tldr, the greed is a result of systemic forces, corporate structure, interest rates/inflation, and numbers on a spreadsheet.

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1. pyeri ◴[20 Jun 23 18:30 UTC] No.36408407[source]▶
These systemic forces were always there since almost over a decade now but they always focused on growth, not revenue. Now, it's as if their cash flows are depleting and revenue is where they are focusing even at the cost of growth. Reddit is a classic example where they're not even caring about users leaving the platform and going elsewhere. They're perhaps realizing that those users are of no use to Reddit unless they can somehow turn them into revenue - which ironically those 3rd party apps seem to be doing better than Reddit itself!