This situation actually reminds me a bit of the dotcom bubble collapse in the late '90s / early '00s, with slight differences.
Declining stocks & VC led to a bunch of startups initially being unable to obtain additional funding. To make matters worse, ad demand started falling, leading to lower revenues for ad-based internet services.
In this case, a decline of ad demand is trailing dotcom revenue shortages. I suspect currency & stock weakness & a slowing econ…
Series D, Episode 04 - Stardrive
TARRANT: What use will that be? The main drive chamber can't be pressurized. How do you carry out a delicate repair operation wearing a spacesuit and gauntlets?
VILA: I don't.
https://blake.torpidity.net/m/404/48 B7B5