Remember when Newscorp bought MySpace for $580 million dollars and then immediately wiped the user database? What in the actual fuck were they thinking? Talk about not knowing what you bought.
It’s almost like far right billionaires are bad stewards of social media
what are you talking about? Truth Social is perfect!
In one sense. Name one corporate social media platform that doesn’t wish it could be as overtly evil as them.
I might be wrong but I think might be misremembering something, Myspace lost all it’s user data but not till like 2016 which was years after news corp sold the site.
They didn’t delete the users, but they deleted everyone’s blog posts, and i think wall posts and settings too. It has been decades now, but I remember a bunch of content disappearing right after they bought it, which drove more people to check out Facebook. Then later I think they wiped the pictures from people who hadn’t been active in awhile. I know at some point all of my pictures disappeared, and that’s when I finally completely gave up on the site.
I still wonder if they tanked it on purpose. Hanlon’s razor and all that, but it’s just weird how many left-leaning social media sites get bought by right-wing assholes who immediately piledrive it into the ground against all capitalistic reason.
Facebook did the same with Instagram the year before. Definitely trying to manage risk by buying and/or killing all the competition.
Pretty sure facebook did it with a lot of the competition
The decision to buy is made by numbers before the purchase: returning visitors, time spent etc. “look at how many hours of eyeballs we’re buying”
The decision to kill the porn is made by social pressure after the purchase: “hey we’ve noticed that in your stable if brands you have some questionable materials. We can’t be associated with that kind of filth, you’re damaging our brand.” - cc processors, advertisers etc. “my wife went on that platform we just bought and you won’t believe what she found” - half the members of the board.
Most boards are collectively moronic - rarely do you have competent people that can hold serious tense discussion and can reach conclusions without either descending into massive infighting or just coast along the dominant political players.
Sounds like boards are just HOAs for rich people
Most are there for the kudos and cocktail parties. They really don’t give a shit about how anything is going if it’s not sudden unless it reflects on them personally. It can’t reflect on them personally if they don’t get personally involved and just coast along instead.
As much as I think it could be malicious I am more inclined to believe incompetence. They saw a profitable business and thought they could improve efficiency and keep the market. Little did they account for how much the market wasn’t there for their ideas.
And whoever made that decision made a lot of money.
MBA parasites, probably
I used tumblr back then specifically for porn. It was glorious!
Now it’s just a Taylor Swift fan blog.
Heritageposts is pretty fun, but it’s hard not to think of the whole site as a sort of memorial/nostalgia collection of what it once was.
utterly perverted as I recall it
It was. It was just people posting very specific types of porn.
One of my favorites was called imprefect10. Which was women that didn’t conform to the standard definition of beauty but were amazingly hot nevertheless. It was such a subjective way to categorize certain types of people… It really emphasized the old saying beauty is in the eye of the beholder.
Reddit will follow eventually
Inshallah
Yahoo is like the Robin Hood of M&A companies.
Take from the rich (themselves) and give to the poor (overvalued startups).
They have quite the history of throwing ridiculous sums of money at companies not at all worth what they paid and ending up with worthless acquisitions.
Literally one of the investors on Shark Tank is only massively rich because Yahoo made one of the worst acquisitions in history.
They regularly took huge sums of money and threw it around like a toddler with creamed carrots.
Are you implying that Automattic is an overvalued startup?
I was actually referring to Broadcast.com valued at $5.7 billion.
wonder how much twitter is worth now
At least three dollars!
as someone who was on tumblr during the yahoo years, it was an awesome time because we basically just ruined everything so bad we caused a company to lose billions which is why i’m shocked elon hasn’t realized what pissing off his users can do
Never underestimate the power of a brittle ego.
So did they just blatantly want tumblr to burn, or was it kind of a situation where they wanted to “make the platform more advertiser friendly” and then decided to make that decision without consulting their userbase or understanding the statistics of their userbases’ use?
I dunno. This current model of advertisers bankrolling the infrastructure that makes up the internet isn’t really working out, though, especially when most of these advertisers are super prudish, or, more likely than not, use prudishness as an easy way to basically just have iron-fisted control over these platforms. So kind of through that mechanism they can totally control the platforms that people are using.
Still a better deal than Elon buying Twitter lol
i didn’t even know they sold it
Thee originally sold it to Verizon, but I guess now its owned by Automattic, who owns a bunch of other companies like Beeper, Wordpress, and Gravitar
