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That might be a dumb question but why all companies are trying to grow outside their core product? From what I see from the comments, all previous attempts from
by paulintrognon 6y ago
That might be a dumb question but why all companies are trying to grow outside their core product? From what I see from the comments, all previous attempts from Reddit to extends to new domains have more or less failed. Shouldn't they just invest and focus into making their core product better, slicker, faster, instead of absolutely trying to conquer new territory?
- vslira 6y agoThe question is not dumb, but I suppose the answer is simply a qualified "no", as in "we can't reach our targets by relying solely on our main/single property, so we need to find a way in the next X years to leverage it to meet them or we will close / be sold for peanuts / get fired (the management, I mean)"
- heavyset_go 6y agoPlatforms are terrified of being "deprecated" in the minds of consumers. The history of the web is littered with platforms that have come and gone.
- JMTQp8lwXL 6y agoIf platforms are guaranteed to come and go, then maybe the concept of building a business model around a platform is what's wrong. It can usually work for a decade or two, but people move on. I'm sure some sizable group thought MySpace would be forever.
- rchaud 6y agoBecause the core product doesn't make money.