this post was submitted on 17 Aug 2023
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Linus Tech Tips

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They have approximately now lost over 5000 subscribers which equates to about $25000 per month or $300000 per year in lost revenue.

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[–] [email protected] 197 points 1 year ago (2 children)

Maybe that extra $400 time investment wouldn't have been such a bad idea after all

[–] [email protected] 127 points 1 year ago (1 children)

This is the issue every first world manager makes time and time again. They make greedy little shyster decisions to save a penny here or save face there and then it ends up costing them hundreds of times what it would have cost to just be ethical and decent in the beginning. It's incredible really what letting the entire world be run by business degree graduates will create in terms of the corporate landscape.

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[–] [email protected] 68 points 1 year ago (2 children)

Honestly, that bit now seems kinda small compared to what’s happened with the sexual harassment allegations.

It’s gone from YouTube drama because the channel’s a mess, to an actual scandal which paints the entire company as toxic.

[–] [email protected] 16 points 1 year ago (1 children)

Whoa, I haven't heard about the sexual harassment. Got a link?

[–] [email protected] 29 points 1 year ago* (last edited 1 year ago) (6 children)

https://lemmy.ml/post/3412121

(one of the top posts in this community rn, was pinned all of yesterday)

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[–] [email protected] 79 points 1 year ago (5 children)

As a bystander just here for the popcorn and drama, would someone mind explaining what Floatplane is and how it pertains to LTT and LMG?

[–] [email protected] 64 points 1 year ago (3 children)

It's like a subscription based YouTube replacement. Like nebula or something. But mostly it's just LTT that has content there.

[–] [email protected] 34 points 1 year ago (1 children)

Core difference is that you subscribe to each channel individually, kinda like Patreon, instead of the Nebula model where you pay one fee and have access to every creator on there.

[–] [email protected] 12 points 1 year ago

Awesome, thank you for the clarification.

[–] [email protected] 10 points 1 year ago

That's a good explanation.

[–] [email protected] 35 points 1 year ago* (last edited 1 year ago)

Floatplane is the video hosting service that they created and own. Instead of being ad supported it requires a monthly fee for each content creator on it (in the vein of only fans or patreon). So a loss of subs is a direct loss of monthly income for LTT.

[–] [email protected] 13 points 1 year ago (1 children)

Looks like their attempt at a video streaming app, separate from youtube.

https://www.floatplane.com/discover

[–] [email protected] 7 points 1 year ago (9 children)

Is it just them on the service? I don’t see the appeal over Nebula

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[–] [email protected] 10 points 1 year ago

I believe it’s their website/platform, where they post exclusive content that only subscribers can view

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[–] [email protected] 59 points 1 year ago (3 children)

I hate Floatplane being tied to LMG right now. The concept of floatplane is great and a competitor to YouTube is much needed

[–] [email protected] 27 points 1 year ago (1 children)

I've been enjoying Nebula as a creator-owned YouTube alternative. I don't like all the creators there (a bit too "BreadTube" for my tastes), but there are plenty of creators that I do like. They have some decent bundles too.

[–] [email protected] 14 points 1 year ago (1 children)
[–] [email protected] 28 points 1 year ago (14 children)

Left leaning YouTubers, although, just like anything in the mouth of right wingers, it's losing its meaning because it's used for anyone they disagree with.

[–] [email protected] 17 points 1 year ago

"Left Leaning" as far as I can tell today is anyone that doesn't base a large chunk of their personality on hating or being against vulnerable groups of people.

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[–] [email protected] 9 points 1 year ago (2 children)

Yea YouTube desperately needs some legitimate competition

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[–] [email protected] 44 points 1 year ago* (last edited 1 year ago) (12 children)

Good, hopefully more follow. Floatplane subs have to be LMG's most loyal audience. This is kinda surprising considering the amount of LMG apologists in reddit & LTT forums. Their level of shilling for a company is kinda unreal.

Also fuck LMG's "investigation." Seems like just some diversion that will result in "we found no evidence of anything" and to say they did something. Typical corporate BS.

Everything Madison said has been corroborated by another ex-employee, it aligns with her glassdoor review of last year, aligns with other anonymous employee coming forward exposing LMG's toxic culture, and it's supported by other bits and pieces of recordings. None of these parties are profiting by coming forward, on the contrary they are exposing themselves to the cult that is LMG's fanbase (which drove a kid and his mom to suicide before).

Unless LMG comes up with damning evidence proving everything wrong then anyone with half a brain will see through their bullshit.

[–] [email protected] 53 points 1 year ago (2 children)

I'm condemning LMG like the next guy, but it would be good to reserve judgement until after the reports are published, at which point we can assess whether the investigation was done impartially or was biased and tampered with. The reality is, we just don't have any evidence for either side, aside from testimonials. I'm interested in seeing what comes out of the investigation and will raise hell if the investigation is not properly conducted.

[–] [email protected] 46 points 1 year ago (1 children)

This is social media, not a court of law. My standard of determination on where my money goes and what content I watch doesn't need to be beyond a reasonable doubt.

[–] [email protected] 16 points 1 year ago

Fair point. If you are indeed paying LMG in any form, especially floatplane sub, that is absolutely your prerogative for sure

[–] [email protected] 9 points 1 year ago (1 children)

Those people can simply resubscribe if LTT is exonerated so it's not like it's a death sentence.

[–] [email protected] 8 points 1 year ago (7 children)

They never said people can't do that, but saying that the investigation with be bad before it has even started is just jumping to conclusions.

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[–] [email protected] 8 points 1 year ago (1 children)

(which drove a kid and his mom to suicide before).

I'm sorry, what?

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[–] [email protected] 30 points 1 year ago (4 children)

I suspect that if this destroys the company, Linus will turn into one of those raging conspiratorial lunatics who blames society for his failures. I always thought he was a level headed dude, but some of the stuff coming makes me think he's more of a Scott Adams type deep down.

[–] [email protected] 12 points 1 year ago* (last edited 1 year ago)

Given how much of his investment has gone into creating LMG, Floatplane, etc, I can certainly see that happening. Even the most level headed person in the world will have a point in which a switch in their minds would flip.

I know a few people who were never the same after the dot-com crash, and most recently with the crypto crash. Such a loss (whether of their own making or external impact) will cause even the most sane person to be delusional and senile.

I'm willing to put money that if LMG goes to the ground, we will see a person potentially beyond repair, possibly with a destroyed family, given that it's both him and his wife as the primary investors. I really hope their kids come out unaffected.

It's just sad all around.

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[–] [email protected] 20 points 1 year ago

Cancelled mine and deleted my account.

[–] [email protected] 18 points 1 year ago

"i couldnt justify the $500 in people's time to reshoot the review" - linus sexual harassment tips

[–] [email protected] 13 points 1 year ago (1 children)

So, should they rebrand to Sinkplane?

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[–] [email protected] 12 points 1 year ago (3 children)

To be honest, based on what I've seen from floatplane subscriber comments its people leaving because of the content pause.

Any negative comment is immediately disliked to oblivion

I.e.:

Vs

[–] [email protected] 9 points 1 year ago (1 children)

I feel these graphs tell a different story:

IMHO The people who really cared have left, the one who are on the verge are mainly waiting and the one actively participating with votes are the core fans.

The source is Reddit from user nicePenguin, here's an archived version (Link), they put up a site too at http://fp-stats.buzz , I'm not sure about the overall accuracy, but it doesn't seem wrong at first glance.

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[–] [email protected] 7 points 1 year ago (5 children)

How does 5k subs equate to 25k revenue a month? I know quite a few YouTubers with more than that and they only make a few hundred a month.

[–] [email protected] 49 points 1 year ago (1 children)

It must cost 5 dollars a month to be a member.

[–] [email protected] 17 points 1 year ago

/c/theydidthemath

[–] [email protected] 21 points 1 year ago

It's not just ad-based revenue they're losing. It's a monthly subscription people are cancelling.

[–] [email protected] 15 points 1 year ago* (last edited 1 year ago)

Those are floatplane subs not YouTube subs

[–] [email protected] 14 points 1 year ago

Subs on Floatplane pay money monthly like Onlyfans or Patreon. Subs on youtube don't pay money.

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