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A comment on Amazon to lay off 9,000 more workers after earlier cuts. Parent comment

Re:Amazon to lay off 9,000 more workers after earlier cuts by Baljhin on Monday March 20, 2023 @03:46PM (#35237536)
I must have grown up in a parallel universe of the dotcom era: one of the biggest reasons -- and criticisms of - the dotcom Bubble growth was due to too much and easy (wait for it...) VC money. Back then, literally any wild, and foolish, idea that you could smack 'Tech' onto was guaranteed to get fast & easy investor money.

>Back then...

Oh wait...

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Re:Amazon to lay off 9,000 more workers after earlier cuts by madrox on Monday March 20, 2023 @04:35PM (#35238276)
To be clear, you're correct. That was this current wave's web3. Once the bubble burst, though, money stopped being so easy. That's the period we're about to come to now.
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Re:Amazon to lay off 9,000 more workers after earlier cuts by flakeoil on Tuesday March 21, 2023 @04:02AM (#35243583)
For reference, around the year 2000 the interest rates were around 5% (the fed rate).

So, no, in general terms there were no easy money then compared to today (or the years up to today).

But sure, a lot of the money that was around at that time went into IT/dotcom companies instead of into other sectors.

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