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Discord, Twitter, Reddit, and Tumblr have something in common and it's not good
(www.techradar.com)
this post was submitted on 18 Jun 2023
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Technology
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Previous sites died because there was a continual stream of new VC funded initiatives still in the 'seduce new users' phase of low-zero monetization for people to jump to. That tap of new, user-friendly sites has been shut off by the recent interest rate hikes curtailing VC funding.
Worried we'll eventually settle into semi-collusive model we see Cell Carriers and ISPs have. If all 5 major social media sites stay in lock step of monetization, who are you going to go to? And without VC money, what new site will be able to truly scale?