High hopes were pinned on China’s reopening from the Covid-19 pandemic as a remedy for the country’s slowing economy. But while growth has rebounded somewhat, joblessness among young people has soared, a worrying development for a Communist Party obsessed about social stability and for the economy’s longer-term prospects. The youth unemployment rate has hit new highs this year — four times the national level — and there are signs it could get even worse as millions of new graduates enter the lab
…wikipedia.org/…/Embrace,_extend,_and_extinguish
Embrace: they embrace the fediverse, bring millions of new users to it and everyone is happy. The fediverse grows and the new meta instance gets a ton of content. Everyone is happy
Extend: meta begins to add features to their instance which clashes with or is unusable with other instances. These begin to pile up and issues develop.
Extinguish: meta unfederates from other instances. People are now forced to stay where they were and lose a majority of their friends and content from metas instance. Or switch over. Mass migration away from original instances. These instances die