So first thing, Twitter is different than the rest. Elmo purchased it and he is doing some things to it that looks crazy.
Reddit CEO admitted that his API changes are inspired by Elmo's Twitter changes, he likely wouldn't double down if that didn't happen to Twitter as well.
Anyway, to show inflation the government increased interest rates. Which made investors thinking, "why should I put my money in this risky business that doesn't even generate money, when I could purchase government bonds and add long as government doesn't default I will get 5%?
This actually put pressure on trash startups that don't generate profits.
Ironically it is more like how much interest have been historically. It's just that after we had recession it was lowered to not turn it into depression. Then it was kept at nearly 0% until now.
Side note: if your bank still offers still nearly 0% interest rate in your savings account, they are making killing on your money and they are counting you won't notice, because people got used to those low interest rates.
DoucheAsaurus