Spyke

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Physics.

Ah this brings me back to my bachelor course on Quantum Physics. Once you end up with intermediate equations spanning a full sheet of paper you start questioning your life choices.

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Seriously, what's up with big sites literally dying as we speak?

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Profitable is probably a big word here, but they were surviving and without any real ambitions, not a lot of money was necessary. Originally, the Reddit gold awards seemed to be enough for them to pay for server usage and the handful of developers/admins.

However, the last couple of years things felt like they were changing behind the scenes. More investors were attracted and growth became an objective. The low interest rates indeed meant a lot of money was available and that investors wanted more growth as there were plenty of alternatives that WERE growing. If your growth is/was disappointing, you'd lose the investors as they would go elsewhere. The current situation is likely just the tail end of that process.