? CONFIRMED ?
Mammoth iOS client for Mastodon has received VC funding.
It's the first VC-backed Mastodon client that I know about.
This changes the dynamics of the Fediverse big time!
? CONFIRMED ?
Mammoth iOS client for Mastodon has received VC funding.
It's the first VC-backed Mastodon client that I know about.
This changes the dynamics of the Fediverse big time!
@atomicpoet @fediversenews And so it begins... ?♂️
@DarkWraithLord @fediversenews It's 2008 all over again.
@atomicpoet @fediversenews Though I feel this will happen much faster than the past. Things will look different around here end of year.
@DarkWraithLord @fediversenews Things change each month.
But when one VC does something, many VCs tend to rush in.
In fact, I had an inkling this would happen.
@atomicpoet @fediversenews What’s the big appeal? I loathe the Mastodon app but like Tooot and Metatext. But are the VCs going to make money out of funding new fediverse client apps? Advertising?
@markpoole @fediversenews That's the big question, isn't it?
@atomicpoet interesting that this was mentioned in a post yesterday when today’s post says they’re still getting disclosure approval https://mammoth.writeas.com/our-business-model
@atomicpoet i've been waiting for this since 2016.
The best possible ecosystem I have seen been realised that is synonimous to activetypub is email, which boasts an amazing ecosystem of diverse service types from corporations, communityservers, volunteer platforms to personal private servers.
And if this type of network is to be helpful to everybody it also needs to have private ones too. I hope mozilla can be that with all my heart. Mozilla is my fave org thing theyre so guud ?
@atomicpoet @fediversenews when dealing with capitalists please never forget
Biggie Smalls - Ten Crack Commandments
@atomicpoet @fediversenews ready to see #instapoor happening when/if Mammoth get on Android
This is bad. Vulture Capitalists never make anything better.
@atomicpoet @fediversenews — Mozilla is all well and good, but this concerns me from a bigger picture standpoint. How do VCs plan to capitalize off the Fediverse? This is a free and open source model.
@breitensteinart One can make a living off free and open source. Many companies can do it. For example, the folks who make Nextcloud.
The bigger question I have is: how do these VCs plan on achieving their ROI?
@breitensteinart @atomicpoet @fediversenews #mozilla is one of the good ones. They, similar to the #w3c support internet projects even when non-profit. They believe in the greater good.
@Stark9837 @breitensteinart @atomicpoet @fediversenews
Rich people don't just give their money away
@Stark9837 @atomicpoet @fediversenews — Hear hear!
@atomicpoet They might be still be under the impression that growth in user numbers = revenue in the future.
@atomicpoet @breitensteinart There are two ways to make money in social media: subscription/value add monetization or harvesting the shit out of user data (or both if you’re really evil).
The former isn’t as lucrative as the latter.
User data has long been a gold mine for startups because it’s pretty easy to sell to Google, Facebook, etc for correlation in an already enormous data lake.
Until moth.social says otherwise, I am assuming nefarious intentions.
@atomicpoet @breitensteinart
Except Nextcloud and other companies are selling support services in a B2B environment. Other than making white label purchaser-specific versions of Mastodon I don't see any source of profit for them other than the sale of data / including advertising.
So, they "announced" the investors on the 23rd, but on the 24th, they are still "getting the OK from everyone to announce" ?
They mention the Brave "search monetization" model as well here. Either way, user data is going to be scraped for ads from Mastodon which continues to be indexed despite instance/user mitigations.
@BernieWonIowa
True, but most VC investments are money-losers.
@atomicpoet @fediversenews @mammoth
For the better, I hope?
@merileedkarr @fediversenews @mammoth Only time will tell.
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