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Re:Bezos-Backed Startup Convoy Closes Operations with No Buyer by umeshunni on Thursday October 19, 2023 @06:01PM (#37949328)
Most of the reason is that asset prices (and thus wealth has shrunk), inflation is higher, so people are buying less and there's no Fed dropping money from helicopters.
Re:Bezos-Backed Startup Convoy Closes Operations with No Buyer by gumballindie on Thursday October 19, 2023 @06:08PM (#37949412)
Indeed, but add travel expenses and the cost of living in crowded cities and eating expensive food and you’ve got a cashflow crisis. Remote work is the single biggest economic boost the economy can get without the government printing money. Not to mention higher productivity.