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Discord, Twitter, Reddit, and Tumblr have something in common and it's not good
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this post was submitted on 18 Jun 2023
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Technology
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It’s not like C-level folks aren’t cashing in well before their companies are profitable. They put on executive clothes and live executive lifestyles, either because it’s what they want or because it’s part of the theatre put on for investors.
I feel confident in the assumption that most users wouldn’t begrudge a company a modest profit off of the content they produce uncompensated on their sites. But it’s an unwritten social contract, and therefore ripe for abuse.
Some of it is born of users not realizing the value of what they give to the corporations— their data for mining, their engagement for attracting and maintaining even more users to the site. Some of it is born of the explicit contracts being written solely by one side(the execs).
Completely agree on all points. The idea of "modest" is not something that VC wants so unless you are grass roots there is no way it will fly