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> And what's left is mostly a user class that maximizes the monetary value that can be harvested. Yes, probably, but the user based changed dramatically before
by klabb3 3y ago
> And what's left is mostly a user class that maximizes the monetary value that can be harvested.
Yes, probably, but the user based changed dramatically before this. Since 2019 MAU more than doubled. I deleted my 11y old account after the last debacle. It was in the ~8th percentile of oldest accounts. That’s mind blowing, because I was by no means an early adopter.
The drop in signal-to-noise ratio has been dramatic over the years. The interesting, nerdy and quirky is drowned completely by memes, political rage bait, staged sob stories, etc. Which is fine for short term business, but also makes it replaceable. Attention brokerage is “daily fix” business, loyalty is near zero, and competition is fierce.
So every time someone argues a decision is good for business, it needs to be qualified by time and risk. If you sell your house to buy Nvidia calls, is that good for your personal finance?