• babyphatman
    link
    fedilink
    English
    61 year ago

    This is the real answer. The low interest money train has left the building and these companies are scrambling to meet their feduciary duty

    • @sugar_in_your_tea@sh.itjust.works
      link
      fedilink
      English
      7
      edit-2
      1 year ago

      Yup, the old mantra was:

      1. Hype product
      2. Get users
      3. Profit?

      They might experiment with ads and subscription tiers, but the real focus is always on getting users. Look at YouTube, AFAIK, it’s still not profitable (or if it is, it’s barely profitable), and not for lack of trying over the past few years. Yeah, sites like Reddit and Twitter are cheaper to run, but there’s still a ton of overhead and ads aren’t as profitable there.

      Now investors want to see a return, and it’s just not happening.