this post was submitted on 28 Jan 2025
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Yes. Once a large enough concentration of users is achieved, the network effect kicks in and the users are locked in.
With that amount of users, it becomes a juicy target for businesses who colonize the place to milk said users. That's assuming the original founders haven't already been kicked out and replaced by suits who just invite businesses, influencers, creators, propagandist and so on in and charge them for the privilege. That locks in businesses.
With users and business both locked in, squeeze them for an they're worth until the pain gets too big and the users leave for another platform. Go to step 1.