This is absolutely delicious. The whole time companies like Microsoft have been pushing this bullshit, people who understand it have been saying the same thing: it’s unsustainable both environmentally and financially.
Now Microsoft are trialling actually charging for this thing – arguably still below cost – and people are losing their shit about their tools suddenly being too expensive. Positively delicious consequences.
They fucked around with dependency on big tech and they’re finally finding out. I have zero sympathy. When you rent your tools and your agency from an amoral megacorp, this is what you get.
What is possibly even more concerning is that apparently (I am no expert) stock market rules are loosened for these giant IPOs:
https://news.ycombinator.com/item?id=48364978
… which seems to endanger some people’s pensions directly.
They are trying to get this proposal passed but people are fighting back against it…As it is obviously stupid, not to mention insane given that Private Equity or Cryptocurrency cannot stand on their own two feet. These practices should just be allowed to fail because both are fiscally irresponsible and far too volatile to be trusted.
This was always the plan. Take in as much investment capital as you can get. When it dries up, and you can’t get anymore loans from big banks, you go for the IPO via every and any loophole you can find. Then you extract as much wealth as you can, funnel it into a different company that you spin up, let the first company fail, get bailed out by the powers that be with tax payer money and buy up all the assets of the old company dirt cheap when the government or lenders inevitably liquidate everything to try to recapture their losses.
Human effort has always been cheaper; powered by caffeine, curses, and general spite. Like, relying on slop tools like Coslop and Hallucinating Claude is just going to make you poor because by design these services are financially extractive. If nobody saw for miles away that Microslop was going to heavily enshittify their service, it’s kinda sad given Microslop’s history.
