"a theory: all #socialmedia platforms will die, and get replaced...and the cycle repeats...
This usually happens when sites get greedy and want to extract revenue. In #twitters case, it was the classical private equity problem of massive debt and needing to pay it back. In #Reddit’s case, it’s a hope of an IPO and a “profitable” company."
It's a sound (and to be fair, fairly obvious to anyone whose worked in this industry longer than a minute)
https://www.neelc.org/posts/social-media-will-die/
zeruch /
npub18y…7ad84
2023-06-20 22:12:13
Author Public Key
npub18ysxc2klw0ksmft25z2hyphe78ce3jmxjrx627xucjqq805xhzds47ad84Published at
2023-06-20 22:12:13Event JSON
{
"id": "227b263d81b9f8f1971367dea0c1ed34dbc947f2592c2ca7d8bbc61929ed9a3f",
"pubkey": "39206c2adf73ed0da56aa0957206f9f1f198cb6690cda578dcc48003be86b89b",
"created_at": 1687299133,
"kind": 1,
"tags": [
[
"t",
"socialmedia"
],
[
"t",
"twitters"
],
[
"t",
"reddit"
],
[
"mostr",
"https://mastodon.social/users/zeruch/statuses/110578836030939150"
]
],
"content": "\"a theory: all #socialmedia platforms will die, and get replaced...and the cycle repeats...\nThis usually happens when sites get greedy and want to extract revenue. In #twitters case, it was the classical private equity problem of massive debt and needing to pay it back. In #Reddit’s case, it’s a hope of an IPO and a “profitable” company.\"\n\nIt's a sound (and to be fair, fairly obvious to anyone whose worked in this industry longer than a minute)\n\nhttps://www.neelc.org/posts/social-media-will-die/",
"sig": "75cd2894a576b49bd79b81c3ce1af205ccaa29892374683e2c35ae079442363507b0f5ee27e7b70684166dbc7b495c6cd4d5575da8122f2925f7238ddee8ad11"
}