Comment on Social Media Has Run Out of Fresh Ideas
ME5SENGER_24@lemmy.world 11 months ago
Social media has been out of ideas since we got video chat. The fact is people want a free place on the internet to share interests with other people and communicate with them. Every company tries to figure out how to monetize it.
So of course they’re out of ideas, they never had them in the first place. Capitalism cannot drive progress
nivenkos@lemmy.world 11 months ago
In theory it’s easy to monetise - allow some targeted ads to communities and/or occasional relevant boosted posts, or paid awards like Reddit, etc.
The issue is greed / growth. They always need more and more - so you end up with more irrelevant ads, political ads, more boosted posts than natural ones, etc. - most companies aren’t happy to just do one thing well with a skeleton crew maintaining it and keeping costs low - they need constant growth.
Just look at Reddit and Twitter for example.