this post was submitted on 16 Apr 2024
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I still wonder if they tanked it on purpose. Hanlon's razor and all that, but it's just weird how many left-leaning social media sites get bought by right-wing assholes who immediately piledrive it into the ground against all capitalistic reason.
Facebook did the same with Instagram the year before. Definitely trying to manage risk by buying and/or killing all the competition.
Pretty sure facebook did it with a lot of the competition
The decision to buy is made by numbers before the purchase: returning visitors, time spent etc. "look at how many hours of eyeballs we're buying"
The decision to kill the porn is made by social pressure after the purchase: "hey we've noticed that in your stable if brands you have some questionable materials. We can't be associated with that kind of filth, you're damaging our brand." - cc processors, advertisers etc. "my wife went on that platform we just bought and you won't believe what she found" - half the members of the board.
Most boards are collectively moronic - rarely do you have competent people that can hold serious tense discussion and can reach conclusions without either descending into massive infighting or just coast along the dominant political players.
Sounds like boards are just HOAs for rich people
Most are there for the kudos and cocktail parties. They really don't give a shit about how anything is going if it's not sudden unless it reflects on them personally. It can't reflect on them personally if they don't get personally involved and just coast along instead.
As much as I think it could be malicious I am more inclined to believe incompetence. They saw a profitable business and thought they could improve efficiency and keep the market. Little did they account for how much the market wasn't there for their ideas.