4 ms·
Here's one metric that matters – revenue per user. Bluesky's is, I assume, zero, and soon that will have to change. Threads meanwhile has the largest social med
by paxys 2y ago
Here's one metric that matters – revenue per user. Bluesky's is, I assume, zero, and soon that will have to change. Threads meanwhile has the largest social media ads and monetization platform in the world behind it ready to make the dollars flow at the push of a button.
- EasyMark 2y agoRight, I’m sure they’ll have to bring in ads, but I believe we’ve seen this play before. I’m cool with ads, I’m not cool with promoting hate speech because it “improves engagement”
- r00fus 2y agoExplain Twitter then - it made a paltry amount compared to Facebook even pre-takeover (which then got burned to the ground by Elon). Yet it was definitely the place to go and get the latest updates.
- madeofpalk 2y ago> largest social media ads and monetization platform in the world behind it ready to make the dollars flow at the push of a button At the direct cost of making a worse product for users. I remain hopeful that Bluesky is able to monetise/fund development without succumbing to working against its users.
- llm_trw 2y agoHoping that the people who made twitter what it is will somehow create a different outcome when doing the same thing is ... something.
- madeofpalk 2y agoWell, they’re not doing the same thing aren’t they? I’m cautiously optimistic that the open/decentralised nature of these sites can act as a powerful forcing function to keep them in check, keeping their incentives more inline with their users compared to traditional commercial social media sites. Mastodon’s financial (and so far technical) structure seems more inline with this compared to taking on investment, so we’ll see how it goes. I just want a network that’s not going to juice engagement to optimise for page views for ad revenue. I want a reverse chronological feed. I want third party clients that might have different UX ideas It’s free to hope :)
- afavour 2y agoIf the revenue per user is enough to cover costs, does it matter? Will it have to change? We’ve all had “hockey stick growth!” shouted at us so many times that we’ve internalised it but Bluesky is a team is 20 odd people. They don’t have the kind of footprint Meta has and right now they don’t need it. I hope they stay small and chart a different path to success.
- hellcow 2y agoThey just raised $15M. Surely their investors expect a large return.
- afavour 2y agoThey’d be dumb to: > Bluesky Social is a benefit corporation; as such, it is allowed to use its profits for the public good, and is not obligated to maximize shareholder value or return profits to its shareholders as dividends. I have no idea but I suspect the investors see monetary value in an open social network not owned and operated by today’s tech giants. There’s a difference between users making money via the social network and the social network making money via the users. But both involve making money.
- llm_trw 2y agoRemember when open ai was a not for profit?
- dhosek 2y agoIt still is.
- jazzyjackson 2y agoYea good point, kind of a commodotize your complement kind of thing , Blockchain Capital needs a new landscape of marks to scam.
- dhosek 2y ago