3 ms·
Social media has low barriers to entry. Several new entrants have grown super-fast and have overtaken incumbents. Facebook was very clever to identify and buy u
by Zigurd 5y ago
Social media has low barriers to entry. Several new entrants have grown super-fast and have overtaken incumbents. Facebook was very clever to identify and buy up some of these fast-growing new entrants.
This holds lessons for the people who want free speech in social media. There are at least 10 social media apps/sites that say they practice what Elon Musk says should be the norm: Anything legal is allowable speech on social media.
And yet i do not see anyone pouring in the same levels of capital that Snapchat and some other newer entrants got. Why not? What is preventing first tier investors from backing these platforms? Why have several of them failed outright? What could turn that around?
- adra 5y agoNobody's willing to pay for the access to use the product and if you want to be the free speech wing of the free speech blah blah them you're going to get popular backlash from people and most notably potential advertisers dollars. I feel like investors have lived through too many years of bad #metoo publicity to turn a blind eye and advertise on platforms with toxic (for many people) content. If you don't charge users and you can't get the high margin ad revenues, who's supporting your unicorn company that just may luck out and dislodge a small segment of the social media landscapes?
- holler 5y agoCompelling product > advertised speech philosophy. Are there any serious social networks who overtly advertise as anti-free speech? Making speech the hook when the site looks like a third-rate ripoff of Twitter isn't a winning strategy.