Constant on Nostr: What i miss in his story is that the investment thesis/pitch always was, from day ...

What i miss in his story is that the investment thesis/pitch always was, from day one, to gather users and undermine competition through subsidization until 'TINA' was achieved; from which moment on monetization could be ramped up.

This was explixitly the case, its not a secret. I dont see why he bothers to talk around this. His statement that they needed to make money from the get go is demonstrably false. 'Enshittification' was/is caused by VC, because it was those types of investments that allowed for the strategy to begin with. If his 'hot take' is that they deployed legal means to increase their moat....sure, i guess.

What i don't think the business logic and CEO's accounted for was how it would put them into a geopolitical play-thing situation, which is probably more than what they bargained for.