• greenskye@beehaw.org
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    1 year ago

    Previous sites died because there was a continual stream of new VC funded initiatives still in the ‘seduce new users’ phase of low-zero monetization for people to jump to. That tap of new, user-friendly sites has been shut off by the recent interest rate hikes curtailing VC funding.

    Worried we’ll eventually settle into semi-collusive model we see Cell Carriers and ISPs have. If all 5 major social media sites stay in lock step of monetization, who are you going to go to? And without VC money, what new site will be able to truly scale?