I love that because it’s such a cautionary tale about bad leadership. He was toxic towards Twitter for years then bought them and doubled down on shitting on them and calling them incompetent… Of course they hate his guts and maliciously comply now.
It’s the time between masters that is interesting and unpredictable and just fun
I’m right there with you. I can already foresee that their apps will be prioritizing monetized users like content creators and everything in there will be a transaction of some sort. Who cares, you just have to block their instances and go about your merry way.
Oh man happy to help! And good luck on your game project, drop us a link sometime!
Hey man don’t overthink it. You need a meta product for work or for a project, just use it professionally. You need to think about your own success and go where your audience is.
Now on your personal time if you don’t want the toxicity of those places come to the fediverse and let’s have a nice chat.
I think the goal of the fediverse is not to eat the world but on the contrary to give us alternatives so we can compartmentalize our internet life.
Yes! Very much this. Imagine if lemmy would grow to just a few million users. That’s the size of Digg when the migration to Reddit happened! Not everything needs to have a billion users and there’s more engagement in small communities anyway.
Yeah you’re right that it wouldn’t be immediately noticeable but just because a few thousands of us jumped to Lemmy doesn’t mean there is any significant change on reddit. I checked on my most active communities and all the usual suspects are there, posting and commenting as usual. The amount of people that left reddit are probably a fraction of a percent.
This is not public information, you won’t know anything about that until the next quarterly reports. That being said if you go to the front page right now it seems pretty much like business as usual.
If you’re sitting on a pile of money you can invest it in internet companies with crazy valuations and no profit or near zero-risk Treasury Bills and interest-bearing certificates.
Weird thing to say when VC investing outperforms the market by 2.5x (even with the current rates) on average but 🤷
This meme is repeated everywhere ad nauseam and is blatantly wrong. VCs do not borrow money from the banks. The argument goes the other way around, and implies that the people who bankroll VCs would rather lend their money through banks than invest it - but even that is bullshit, you’d need interest rates in the double digits to even begin to be in competition with your average VC performance.
Also not 100% of VC money is american so Fed rates are not as relevant as you think. Please stop spreading that nonsense.
His blog “Boing boing” was a luminary of the early blogosphere when that was a thing people believed would replace traditional media. He was very active with the EFF, copyleft/CC culture, the early maker scene. He was an okay novellist too ! All in all if you grabbed a copy of “Wired” from 2006 there’s a 100% chance his name would be mentioned at least once in it.
De la France, de la force or maybe even de la farce
I mean when you’re at that level of profit you’re not “scared shitless” of much. Sure they have some risk around AI but i think a global ad market collapse is higher in their list of stuff to be worried about.
Coming back around to the original subject, they are publicly traded anyway so the VC market is not their problem.
I think they’re operating under the assumption that there is no shortage of people willing to work for clout on a leading social media. They think the users they lose are replaceable and you know what it’s not an unreasonable expectation. It sucks but that’s just the way it is, there will always be people willing to post memes and delete nazi comments.
Only time will tell, but it’s not uncommon to kick out power users when they get uppity and think they run your platform. Way easier/cheaper to fire unpaid volunteers than tech-bros with Silicon Valley salaries.
Well i don’t know about that. They still generate 15B$ in profit every quarter. Sure they’re losing some growth, but even amid a historic advertising budget bust they are still beating expectations.
When i mentioned their monopolistic position i was talking more specifically about Youtube, but anyway buying and killing off products is standard operating procedure for a company this size on a market this mature. There’s nothing alarming about Google’s health.
No. I don’t mean to be rude but most of that message is wrong.
VC Money is very much not drying up. 2023 has seen record rounds in most markets. What is drying up is “VC Money for early stage startups with no revenue, no traction, and barely a functional idea”, but even that is not new it has been going on since at least 2018. Remember that guy who raised 1.5M$ with an app that just let you say “Yo” to your contacts ? That was 10 years ago. Those times are dead and buried.
Then the link between VC markets health and interest rates is… contentious to say the least. VCs don’t borrow money - they raise funds from family offices and individual investors, every 2 or 3 years. So every change to the financial landscape will have a progressive effect over 3 years, not a brutal one after a few months. Also you have to bear in mind that the people who bankroll VCs are looking for performance of at least 2X over 10 years. Interests would have to go up to 7% to even be in competition with VC investment. Of course there’s a psychological aspect to investment so the effet is not ZERO but it’s not as automatic as saying “interest go up => vc dry up”.
Finally, the companies we are talking about are in vastly different situations and not necessarily looking for VC money. There is no explaining their behaviour with a single cause, what we’re seeing is probably a cluster effect, because executives are like fish they always follow the movement of the other fish in their field.
I meant he’s not theoretical rich, he’s got actual money in the actual bank. But you’re right, his worth doesn’t come from salaries as he’s paid around 200K according to the internet.
Holy shit that’s awesome thanks for the read. It’s more than half and it’s mostly the top buyers, I am now swimming in schadenfreude.
Is there some source on advertisers leaving in droves? I’ve heard a couple stories on people (big accounts ands advertisers) loudly leaving but is it really a noticeable trend? I wonder if there’s some publicly accessible way of knowing that.
Also digg peaked at maybe 8 million users which is a much more manageable migration.