I feel like this should be a feature of capitalism. Once you hit like $50-$100million in the bank, there’s a ceremony where they give you a fancy “I won capitalism” gold trophy and then you have to retire to live your life. You aren’t allowed to continue running corporations and politics after hitting that threshold.
Never forget what happened to digg.com People don’t seem to learn, although they managed to slowly bring the site to a halt in 14 years which a long time so they are not that stupid I guess.
I don’t think it’s a problem of not learning the lesson. The problem is that you can’t succeed in making a social network if you ask anyone to pay in any way. You need it to be useful, which means you need everyone on it, and everyone won’t be on it if it costs anything or is otherwise gated behind even the smallest of hurdles. So rich VCs come in and say, “here’s $100,000,000 to go make this thing invaluable, and then I want my money back with a handsome profit”. Everyone in the game always knows that the product is going to get shitty when it comes time to pay the piper. Being shitty is a side-effect of making money. The gamble is that it’ll be so ingrained in people’s life than they’ll begrudging eat the shit to keep using it. They’re looking for the elbow in the curve – how shitty can it be before everyone abandons it. That spot of maximum shittiness isn’t a mistake – it’s the target.
Reddit and their sham AMA will be remembered as how NOT to manage a social platform and its PR
Do we really need more examples of how to not manage a social platform and it’s PR?
can we get some positive examples instead
tom from myspace
end of list.
Tom was one of my first online friends. Tom made a bunch of money. Tom took the bag and fucked off doing what he loves. He really is the standard lol.
Doesn’t he post pictures of places he travels to on Instagram these days?
Man literally took the money and ran to persue his dreams. He is an inspiration.
I feel like this should be a feature of capitalism. Once you hit like $50-$100million in the bank, there’s a ceremony where they give you a fancy “I won capitalism” gold trophy and then you have to retire to live your life. You aren’t allowed to continue running corporations and politics after hitting that threshold.
Never forget what happened to digg.com People don’t seem to learn, although they managed to slowly bring the site to a halt in 14 years which a long time so they are not that stupid I guess.
I don’t think it’s a problem of not learning the lesson. The problem is that you can’t succeed in making a social network if you ask anyone to pay in any way. You need it to be useful, which means you need everyone on it, and everyone won’t be on it if it costs anything or is otherwise gated behind even the smallest of hurdles. So rich VCs come in and say, “here’s $100,000,000 to go make this thing invaluable, and then I want my money back with a handsome profit”. Everyone in the game always knows that the product is going to get shitty when it comes time to pay the piper. Being shitty is a side-effect of making money. The gamble is that it’ll be so ingrained in people’s life than they’ll begrudging eat the shit to keep using it. They’re looking for the elbow in the curve – how shitty can it be before everyone abandons it. That spot of maximum shittiness isn’t a mistake – it’s the target.