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    Mastodon Migration (mastodonmigration@mastodon.online)'s status on Wednesday, 11-Dec-2024 06:12:44 JSTMastodon MigrationMastodon Migration
    in reply to

    Last week, when it came out that CEO Jay Graber was "not ruling out" advertising, we had a good discussion (https://mastodon.online/@mastodonmigration/113602718570344278) of the terrible economic pressures that the business must be under.

    Simply stated they are operating beyond their means. All of the fancy features that are attracting new users cost way more money that the company takes in, so something has to give.

    more..

    In conversationabout 6 months ago from mastodon.onlinepermalink

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      Mastodon Migration (@mastodonmigration@mastodon.online)
      from Mastodon Migration
      So, apparently targeted advertsing may be coming to #Bluesky... https://techcrunch.com/2024/12/05/bluesky-ceo-jay-graber-is-reshaping-social-media-but-advertising-isnt-off-the-table/?guccounter=1 This is not a surprise at all, and has been predicted for a while. Despite the protestations from Bluesky enthusiasts saying that selling domain names was going to do it, the BS business plan never made any sense. And now they are paying for server costs for 20+ million users and watching their $15M investment from Blockchain Capital et al. dwindle. Reality bites, and it bites hard.
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