ThomasMuentzner [he/him, comrade/them] to news • 2 years agoTwitter to accept Elon Musk’s $45 billion bid to buy companyexternal-linkmessage-square91 fedilinkarrow-up1122
arrow-up1122external-linkTwitter to accept Elon Musk’s $45 billion bid to buy companyThomasMuentzner [he/him, comrade/them] to news • 2 years agomessage-square91 Commentsfedilink
minus-squareiwasloggedout [none/use name]hexbear70·2 years agoEveryone remember how tumblr was sold to Yahoo for $1.1 billion, and then resold later for $3 million, a 99.8% drop in value? That was fun. link
minus-squareThe_Walkening [none/use name]hexbear27·2 years agoIt's as if social platforms are extremely hard to monetize without destroying the platforms themselves. link
minus-squareMemesAreTheory [he/him, any]hexbear20·2 years ago"Capitalism is the most efficient way to distribute resources and handle the information problem regarding 'value'..." link
Everyone remember how tumblr was sold to Yahoo for $1.1 billion, and then resold later for $3 million, a 99.8% drop in value? That was fun.
It's as if social platforms are extremely hard to monetize without destroying the platforms themselves.
"Capitalism is the most efficient way to distribute resources and handle the information problem regarding 'value'..."