Comment on Mark Zuckerberg Says Social Media Is Over

crowbar@piefed.social ⁨1⁩ ⁨month⁩ ago

• MagicShel@lemmy.zip ⁨1⁩ ⁨month⁩ ago

  Exactly this. “We have maxed out the amount of money we can extract from people and have reached diminishing returns on profitability.”

  Why can’t anyone just create a billion dollar company that makes something people like and then be happy they can consistently earn $200m per year? Maybe ask the people what kinds of features they want and improve the service to increase the value to users once you need something for your staff to do when the product is complete.

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  • ibelieveinthehousehippo@lemmy.ca ⁨1⁩ ⁨month⁩ ago

    Large corporations buy up disruptive companies like that

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    • GreyEyedGhost@lemmy.ca ⁨1⁩ ⁨month⁩ ago

      Love that “disruptive” is a valid term for companies like that.

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  • nyan@lemmy.cafe ⁨1⁩ ⁨month⁩ ago

    Because modest returns don’t attract investment, so whoever set it up would have to fund the startup out of pocket and never go public or sell the company off. Not quite impossible, but very unlikely (unless the world changes and investors start getting more sensible about profits).

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  • sugar_in_your_tea@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    Yeah, if I was Zuck, I would’ve left it more or less as it was in the 2010s, and then moved on to making adjunct services to create a Google/Yahoo-like ecosystem. Oh, and open the API so interesting services could be built on it. Instead, they maximized profitability and bought their way to an ecosystem.

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    • MagicShel@lemmy.zip ⁨1⁩ ⁨month⁩ ago

      Twitter was a prime example of that. They started out with something so simple and people loved it. Then they started adding all of these features and I’m really not sure it was worth taking on huge amounts of VC funding to bloat it out to the point of enshittification.

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      • sugar_in_your_tea@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

        Yeah, if it’s working, put it on maintenance mode and move on to the next project.

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