Alaskan, news junkie, tech nerd, social butterfly
Check out my blog:
| Location | Anchorage, AK |
| Pronouns | He/Him/His |
| Website | https://theurbansands.net/ |
| Follow me on Threads! | https://www.threads.net/@markzimmerman2003 |
Alaskan, news junkie, tech nerd, social butterfly
Check out my blog:
| Location | Anchorage, AK |
| Pronouns | He/Him/His |
| Website | https://theurbansands.net/ |
| Follow me on Threads! | https://www.threads.net/@markzimmerman2003 |
@devindra @thelinuxEXP Twitter's parallels to most PE buyouts aren't touched on as much as they should be imo
1. Wild, outsized initial influx of capital
2. Wiping the C-suite with big golden parachutes for the board
3. Taken private to avoid obvious scrutiny over shareholder value
4. Erratic shedding of staff and product teams
5. No product specialists being brought in to replace them
6. Bringing in third-party consultancy due to high voluntary turnover of talent
7. Shitty rebrand
I love how Elon Musk managed to Speedrun every other step of "private equity aquisition Hell" but saved the consultancy-driven rebrand for last... as a treat
With the recent moves from #Twitter, #Reddit, and even #Youtube, I think it’s becoming clear that ads are not a sustainable business model in the long run (and yes, I know I run a YouTube channel funded by ads 😅)
I took a look at a few examples, at how this decline is also making the web worse for everyone, at alternative platforms, and tried to imagine what an internet without ads to fund content creation and big platforms could look like: