With a sudden drop in venture capital funding, businesses are being forced to become profitable faster. For many low margin services, there are two options: either go out of business or cut costs and increase prices. What is likely to happen is for a large number of these services to go out of business in the next couple of years, while others will move towards becoming luxury services, providing on-demand convenience at high prices. Whereas the tech boom of the 1990s at least left us with the basis for the internet, the tech boom of the 2010s looks as though it will simply leave us with premium services for the rich.

Nick Srnicek, Platform Capitalism, loc. 96