Post AWeM4UTkJ0ECKICKlE by cookie_mumbles@ohai.social
 (DIR) More posts by cookie_mumbles@ohai.social
 (DIR) Post #AWeM4TOkK6dOyUqpKS by cookie_mumbles@ohai.social
       2023-06-13T06:44:49Z
       
       2 likes, 0 repeats
       
       Twitter was never really profitable. Facebook is struggling and tries out weird stuff like VR to see if that could make them some real cash. And now Reddit admits it is not profitable in the least. It's almost as if you can't really make money off of people chatting online, even if you get them to be angry non-stop.Welcome to the fediverse. Sit back, relax. It's still a little rough around the edges, but there's no one even trying to make any money off of you.
       
 (DIR) Post #AWeM4UTkJ0ECKICKlE by cookie_mumbles@ohai.social
       2023-06-13T13:12:49Z
       
       0 likes, 1 repeats
       
       Don't forget Discord, Youtube and probably many others that are eventually struggling and show the same pattern of decline. It all looks great when the user base is growing and growing, but they all turn on their users eventually by getting aggressive with ads, pushing out 3rd party apps, getting soft on fascists etc etc just to make more money until all that is left is a hell hole no one wants to socialize on anymore.
       
 (DIR) Post #AWf8xn97Ojytwsz7rM by malin@linuxrocks.online
       2023-06-13T22:27:55Z
       
       0 likes, 0 repeats
       
       @cookie_mumbles Facebook makes a heck of a lot of money from the ads. It's what made Zuck so rich. The rest all show plenty of profit.
       
 (DIR) Post #AWf8xo8nhPJz2BqO0G by sj_zero@social.fbxl.net
       2023-06-13T22:33:33.573045Z
       
       0 likes, 0 repeats
       
       Yeah. A good chunk of big tech services don't make any money. Google's biggest win with YouTube is the fact that they own the video market, but I think it's barely profitable which is one reason why they are constantly fiddling with the monetization formulas. That being said, Facebook is indeed super profitable, and I'm pretty sure that the metaverse is just Mark Zuckerberg using his position at Facebook to try to complete a passion project and a bunch of idiot business analysts seeing massive dollar signs by extrapolating data point that doesn't exist saying that everyone on Earth will be using it.