Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap.
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Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.

Tech’s broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.

  • CallateLoSico@lemmy.worldEnglish
    202·
    3 years ago

    Yea, it’s “tech’s fault.” Not the self-imploding economic system known as capitalism. It’s definitely not the fault of giant tech corporations that have a hand in the government. It’s the streaming, Uber, and the cloud that’s bad.

    • DanTilDawn@lemmy.worldEnglish
      61·
      3 years ago

      There are two techs. There is engineering tech like Steve Wozniak at Apple tech, and there is marketing “Tech” like Elizabeth Holmes at Theranos tech, and Sam Bankman-Fried at FTX tech, and Elon Musk tech. The latter is a series of grifts under the brand of “Tech”

    • PopularUsername@lemmy.worldEnglish
      2·
      3 years ago

      VC investing is effectively predatory pricing, squeezing out original non-tech service providers by providing services below cost, then replacing them with monopoly tech versions. The funding is intimately tied to the industry and they all use the same strategy.