The INVESTORS showed up…
Comment on Unity rushes to clarify price increase plan, as game developers fume
Aielman15@lemmy.world 9 months ago
As for Game Pass and other subscription services, Whitten said that developers like Aggro Crab would not be on the hook, as the fees are charged to distributors, which in the Game Pass example would be Microsoft.
In which case, Microsoft and other distributors will not release Unity games on their subscription services. This will harm game developers either way.
Geez, the internet and the tech industry as a whole is collapsing. Twitter, Reddit, Unity… What the fuck is going on in the last few years?
BrudderAaron@lemmy.world 9 months ago
Maestro@kbin.social 9 months ago
They showed up years ago. Now they want to get paid.
Fetus@lemmy.world 9 months ago
The collapse of Silicon Valley Bank caused a bit of a stir in the venture capital world. Things used to be able to be horrifically unprofitable for a reasonably long time before vulture capital would swoop down and tighten the thumbscrews.
Now that “normal” banks are the ones dealing with the finance side of VC, they seem to care about profits, and that if you’re not squeezing every cent you can out of your investment, then it’s a failure.
Or, like, whatever. Just kinda how I feel about it…
echo64@lemmy.world 9 months ago
This isn’t it. The svb run was a symptom, not a cause. You’ll note this is not something limited to the tech world.
Markets, in general, are risk adverse because of the whole global economic shutdown thing. Executives are driving shareholder growth, not through investment like a giant ponzi scheme, or through competition, but through whatever hairbrained scheme they can come up with that will raise stock prices in the short term.
SCmSTR@kbin.social 9 months ago
It's global warming. All the natural disasters, insurance and repairs are extreme and accelerating, and those funds need/want more money and are collecting in every way they can.
I can't believe it either - our inability to prepare for global warming has caused Unity to charge per install.
PoliticalAgitator@lemm.ee 9 months ago
Greed.
AClassyGentleman@lemmy.world 9 months ago
Capitalism defines success as profits increasing at an ever-increasing rate. During the height of the pandemic, tech companies tended to fare better than other industries because they were better able to handle the switch to remote work. This wasn’t lost on investors, who smelled money in the water, and went all in on tech. Like, seriously, colossal amounts of money, and they expect returns on those investments. Problem is, we’ve hit the point where the easy profit sources for these companies have more or less dried up, and now they’re having to squeeze whatever they can out. This is why we’ve seen massive layoffs, quick money making schemes, and things like this that will be disastrous in the long run, but stand to make some short-term profits.
It’s a boneheaded move, but when all you care about is pleasing the investors right now, it’s the logical way to operate.
bassomitron@lemmy.world 9 months ago
This sums up every industry poisoned by big money parasites. Look around, over 30% of the inflation of the last few years is literally attributed to just straight greed. fortune.com/…/end-of-capitalism-inflation-greedfl… for those who want to read about where I’m getting that figure from.
We’re living in the Robber Baron Era: Volume 2. When governments fail to properly regulate massive corpos and protect consumers–mostly due to regulatory capture–this is what happens. en.m.wikipedia.org/wiki/Regulatory_capture if you want to read up on the topic and get angry about how pervasive regulatory capture is, especially in the US (like, really, really pervasive in the US…).
DarkWasp@lemmy.world 9 months ago
It’s the incessant want and need for more, more more. If they made $2 billion in profit last year it needs to be $3 billion this year, it can’t just be a continued $2 billion (which is still an amazing amount of profit). It’s just a never ending scheme of incurable human greed.