3 ms·
It's a good list, it just doesn't hold up in reality because "social media" only has a single business model: selling advertising via real-time bidding platform
by rchaud 3y ago
It's a good list, it just doesn't hold up in reality because "social media" only has a single business model: selling advertising via real-time bidding platforms. Nothing else matters. There is no other way to make profits.
Paying $5/mo isn't going to make Reddit sexy enough for an IPO, and it wouldn't be anywhere close to what Reddit needs to be profitable. They are not going into boardrooms pitching NFTs and Reddit Gold as pathways to profitability either. There is only advertising.
- paulryanrogers 3y agoSome niche communities are pay-to-play, especially around Patreon. Though I'm not sure how scalable it is. People self select into these communities and there may not be enough diversity to sustain interesting conversations.
- rchaud 3y agoYes, there is an opportunity for '1000 true fans' type of communities, but as you said, it's not scalable enough for companies to profit off that.