Following the news developer id Software has been significantly impacted by Asha Sharma's sweeping Xbox job cuts, John Carmack has shared his thoughts.
No, but that was the time when every tech company could basically generate money out of big userbases and empty promises. If you don’t have to worry about making money, you don’t have to enshittify something. Companies like uber would not exist in todays market because investors wouldn’t subsidize that company for years until it finally turns a profit. Hell, I think uber just turned profitable in early 2024, so 11 years of losses, and I highly doubt that in todays market, investors will subsidize companies like OpenAI for 11 years.
“Why can’t I just make an app or a service that is that successful? I know some very intelligent people, why did it work for those companies and not for us?” And it really all comes down to that.
They can hemmorhage money for decades and still be going because of investor support. Its a wonder anything works at all ever honestly. Its a weird system
No, but that was the time when every tech company could basically generate money out of big userbases and empty promises. If you don’t have to worry about making money, you don’t have to enshittify something. Companies like uber would not exist in todays market because investors wouldn’t subsidize that company for years until it finally turns a profit. Hell, I think uber just turned profitable in early 2024, so 11 years of losses, and I highly doubt that in todays market, investors will subsidize companies like OpenAI for 11 years.
I think about this all the time.
“Why can’t I just make an app or a service that is that successful? I know some very intelligent people, why did it work for those companies and not for us?” And it really all comes down to that.
They can hemmorhage money for decades and still be going because of investor support. Its a wonder anything works at all ever honestly. Its a weird system