⚠️ HOT TAKE ⚠️

cohost is a nice website run by cool people and i enjoy the things that are posted there and the people that inhabit it. it's design philosophy is admirable, despite its growing pains. i hope it succeeds in its mission, which will be a net benefit to the internet and its users.

⚠️ HOT TAKE ⚠️

anyway, anyone who gives their personal data and social connections to Jack Dorsey a second time on Bluesky is a capital-f Fucking moron

"i'm just there to see what happens" no you are a Fucking moron. have a nice day

anyway, anyone who gives their personal data and social connections to Mark Zuckerberg a second time on Threads is a capital-f Fucking moron

"i'm just there to see what happens" no you are a Fucking moron. have a nice day

@AmyZenunim I couldn't find anything solid against the cohost folks, except the cub thing which they've since corrected. everything else seems like vague insinuations and innuendo, the kind common to conspiracy theories
@pynkbites @AmyZenunim about the most concrete thing i’ve heard lodged against them is that they don’t seem to be taking the end of their runway seriously at all.

knowing that you won’t make payroll in a month should be a reason to set aside what you’re working on to focus on things that will bring the site closer to self-sustenance. it’s not clear from their latest posting that they fully appreciate that fact even this close to being out of money, and it’s led me to agree with the chorus of folks who say that the people in charge seem deeply unserious about what’s required yo actually keep it running.

granted, running a social media website has *never* been terribly cost-effective (c.f. metafilter’s recent funding woes) but you’d think that the impending end of money there would bring some more urgency involved in trying to make it so. indeed, based on their conversion rates, i can only imagine the recent uptick in the number of cohost users since july 1 has only accelerated their precarious financial situation, not helped it.
@narylis @AmyZenunim well, if it does crash, all those folks are welcome here. fedi is far more durable

@narylis @pynkbites imho they adequately explained the situation: the site was supposed to have ko-fi/patreon-like features by Q2, but the principal developer got COVID (and then long COVID) and wasn't able to get those features out the door.

in general, they already have a roadmap for money-making features but they're behind schedule because their "bus factor" is effectively zero given that they're so small.

in the meantime, it seems like everyone is glossing over the fact that their financial report specifically called that out those issues, in favour of painting them as some sort of naive ninnies who don't know anything about running a websites, probably due to some sort of thinly-veiling leftist trashing that we all love to do to each other, and the narrative has become "these people aren't poor/lean &mean enough to succeed" which is ironically the most pro-capitalist stance to take on it all.

it's like everyone wants it to fail for no other reason other than to convince themselves that no good can ever survive in this world.

@AmyZenunim @narylis what in the haunted stars is a "bus factor"

@pynkbites @narylis

https://en.m.wikipedia.org/wiki/Bus_factor

"how many teammates can get hit by a bus before the project crawls to a halt or ceases functioning entirely?"

Bus factor - Wikipedia

@junho8 @AmyZenunim @narylis Oh, so they lack operational depth in staffing key people. I understand now.
@junho8 @AmyZenunim @narylis Regarding the planned Patron-alike features, do they have a plan for circumventing restrictions on adult content? Most payment processors won't touch that, and those who do are quite expensive.
@AmyZenunim @pynkbites it didn’t really give me a lot of confidence to see them list a bunch of reasons their finances are at risk, and then have jae explain how what they are prioritizing and launching right now won’t realistically close the gap (“[user subscriptions will] launch… within (hopefully) the next few months… with a 5% platform fee that scales down once we’re sustainable” vs. “[tipping] will actually launch *before* user subscriptions… [but] we do not consider tipping to be a revenue driver.”)

i will concede that it’s backseat management on my part at this point, but with regards to dealing with theire (understandably!) low bus factor, it really seems to me that their second dev would have been better spent on accelerating that path towards self-sufficiency with subscriptions than tasking them with new features that don’t further that goal, as that would have allowed them to better absorb the pain of their lead dev catching long covid instead of (presumably) having that project become blocked on a single individual.

all in all, paying a fair salary to these devs is admirable, for sure, and certainly more than i have ever been able to achieve with the handful of social media sites that i ultimately both was the only coder on and the only one footing the bill for over the past decade and a half. so yes, i would *love* to hear that someone can ultimately manage to actually cover costs for a substantial social network/community and actually be socially responsible in the process! the problem, however, is that the idealism of wanting to achieve that doesn’t mean one can avoid the twin realities of both the costs of running these sites and the risks that need to be budgeted for in your finances (like losing part of your staff to long covid). even if you aren’t yourself capitalist, we all still have no choice but to live in a world geared for the benefit of capitalists, which means making an honest assessment of where you are financially and how your next steps and resource reallocations will get you to a place where you don’t have to worry about it as much.

alas, the fact that cohost is already at the point of taking out unsecured loans to bridge the gap until they can improve their cash flow (which necessarily involves higher interest rates, and therefore, higher loan payments, commensurate with that) while saying “is there a road to sustainability? great question! no idea!” is not a particularly promising sign that they are closing in on that goal.
@narylis @AmyZenunim Information is vague, alas. I'd have to see their financials to truly understand their sustainability as a company. However, it sounds like they have no consistent revenue stream in place to earn back their capital expenses, much less sustain operating expenses or amortization. I hope it's not the same debt spiral many young companies fall into.

@AmyZenunim My take on cohost is it's a very nice service and so far the community seems pretty chill but I struggle to get into it and notice that a lot of people moving from birdsite to it just kinda end up dropping it or using it once a week or something.

It's a good blogging site but kinda sucks for meeting people.

@AmyZenunim it is why i am paying $5 a month for it, it is worth it and it games me a chance to be a customer and not a product