• iwasloggedout [none/use name]
    ·
    3 years ago

    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.

    • The_Walkening [none/use name]
      ·
      3 years ago

      It's as if social platforms are extremely hard to monetize without destroying the platforms themselves.

    • MemesAreTheory [he/him, any]
      ·
      3 years ago

      "Capitalism is the most efficient way to distribute resources and handle the information problem regarding 'value'..."