By the way, he is worth following on Twitter, and you might want to sign up for his newsletter too.
I wrote about why urban life has suddenly got much more expensivehttps://t.co/UmHPdhBqcq
— Derek Thompson (@DKThomp) June 13, 2022
It's not just inflation. It's the end of the Millennial Consumer Subsidy: With markets down and rates up, consumer tech companies are actually doing a capitalism and trying to make money.