this post was submitted on 29 Oct 2024
18 points (100.0% liked)

Technology

37683 readers
336 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
 

In an interview on the StrictlyVC Download podcast, billionaire Frank McCourt shared his vision for transforming social media. By the potential sale footgear.

you are viewing a single comment's thread
view the rest of the comments
[–] seathru@lemmy.sdf.org 12 points 20 hours ago (1 children)

Twitter sold for 44B. Tiktok has nearly an order of magnitude more active users and this guy thinks his 500m offer is even in the ballpark?

[–] thingsiplay@beehaw.org 5 points 20 hours ago (1 children)

There must be a misunderstanding on the part of the article writer or it is simply an unfortunately constructed sentence. I mean its obvious that Tiktok can't be purchased in its fullest for just 500m. The budget seems to be the initial money spent to start this project that goes beyond Tiktok. So the way I understand is, he wants to buy Tiktok (maybe other stuff too) and then integrates it into the 500m project.

[–] seathru@lemmy.sdf.org 7 points 20 hours ago (1 children)

That would make more sense. These are all incomprehensible sums of money to me anyways.

But after a second read it kind of sounds like he's trying to "invent" the fediverse,

The proposed system would work similarly to email, where users can communicate across different service providers. In this vision, social media users could maintain their connections and content regardless of which platform they choose to use.

[–] thingsiplay@beehaw.org 4 points 20 hours ago (1 children)

Exactly. That's what I think too. I also was thinking why is this guy not just using Fediverse. Hopefully that guy discovers it soon, because I'm not against super rich people to invest into this system.

[–] adarza@lemmy.ca 6 points 19 hours ago

his 'project liberty' has its own protocol, dsnp (decentralized social networking protocol).

does anything even use it?