zlacker

[parent] [thread] 6 comments
1. Alupis+(OP)[view] [source] 2023-05-31 18:29:31
The point was - figure out what you need to charge instead of complaining you can't profit off someone else's resources.

Reddit, Twitter et all don't owe you anything. They do not make money via read-access API calls - they lose money. It's super simple...

Only a fool would build a business around a free service with no escape plan.

replies(2): >>lapcat+W1 >>myk900+Hx
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2. lapcat+W1[view] [source] 2023-05-31 18:36:32
>>Alupis+(OP)
> Reddit, Twitter et all don't owe you anything. They do not make money via read-access API calls - they lose money. It's super simple...

Twitter eliminated 3rd party clients, and now Twitter is estimated to be worth 1/3 of its acquisition price.

replies(2): >>Alupis+H2 >>raydev+J8
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3. Alupis+H2[view] [source] [discussion] 2023-05-31 18:39:35
>>lapcat+W1
Seeing how all the numbers are private, I don't know how anyone can reasonably estimate it's value. Seeing how unaffected Twitter has been in public discourse, and media, it seems these estimates are grossly underinflated.

Lastly - Twitter's market price has nothing to do with it's profitability. That seems obvious, but apparently needs to be said here.

replies(2): >>lapcat+I4 >>sorenj+U7
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4. lapcat+I4[view] [source] [discussion] 2023-05-31 18:45:43
>>Alupis+H2
> Lastly - Twitter's market price has nothing to do with it's profitability. That seems obvious, but apparently needs to be said here.

It's not profitable. That's why they're cutting to the bone and not even paying a lot of their bills.

They had to make an advertising exec the nominal CEO, because a lot of advertisers have fled the platform.

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5. sorenj+U7[view] [source] [discussion] 2023-05-31 18:57:59
>>Alupis+H2
If you believe Elon Musk Twitter's current value is less than half of what he bought it for ($20B compared to $44B).

https://edition.cnn.com/2023/04/27/tech/elon-musk-twitter-si...

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6. raydev+J8[view] [source] [discussion] 2023-05-31 19:00:41
>>lapcat+W1
Ad revenue cratered for ElonTwitter months before Elon banned third party clients. Unrelated events.
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7. myk900+Hx[view] [source] 2023-05-31 20:41:03
>>Alupis+(OP)
While I very much agree with what you're saying in this thread: Reddit is not a public service, it's a business, and the owners want to make money off it.

I wouldn't call that Apollo app's author a fool. My understanding is they were turning a profit from the app up to now. So, apparently, it was a nice business. It's just that their business model is about to stop working.

Well, that happens to other business too sometimes. They'll have to adapt somehow or come up with another business. Life as usual.

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