Yeah, for $1 (between 9.99 and 10.99) this is just a price decoy / asymmetric dominance exercise.
Core will go away (or at least deprioritized from a marketing perspective) once they’ve successfully transitioned everyone off GfG.
Same. Block is a key feature. That said, I’m actually fascinated at how many furry communities there are. You’d think blocking c/furry would take care of 90% of the problem, but who knew c/MidCenturyYiffsOnAnEamesChair had such a dedicated following.
Others have basically captured it, but my read is a massive change in the overall risk profile held by venture capital firms. The time of reckoning has come, and it’s time for everyone’s (or at least VCs’) favourite three letters: ARR (Annual Recurring Revenue).
The last twenty years, we’ve seen this sort of spray-and-pray model, where 99 bad investments could be offset by 1 “unicorn”. The risk appetite seems to have shifted largely because 1.) there’s a higher volume of early stage concepts (so there’s more bad ideas), and 2.) there’s either fewer unicorns, or the unicorns that mature are ultimately less valuable.
Crunchbase put out a good analysis of the current trend of global venture dollar flow:
The Party’s Still Over: The VC Downturn In 6 Charts
You can read news from various outlets - some say it’s a post-pandemic correction. Some say it’s because labour is too expensive. But the bottom line is that VCs aren’t willing to spend money on “users-in-lieu-of-revenue” like they once were, and I honestly don’t blame them. There were a lot of really, egregiously stupid ideas coming out of SV, and their wax wings melted. sad_trombone.mp4
Adam Kotsko summed this entire phenomena up nicely:
bricks
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