this post was submitted on 02 Sep 2024
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"Private equity always finds a way"-Jeff Goldblum
Its interesting that they plan to profit off of the Fediverse but they aren't paying for running instances themselves. At least they aren't now.
The only thing that is actually valuable in all this is the data generated by Fediversers themselves though, lets say 90 percent, and a nifty container around the content to make it more viewable/accessible/prettier, 10 percent.
They want to make profit off of memberships and probably ads, off of Fediversers content, and then they can leverage and monetize their new "social network" by some astronomical valuation in the market.
Good playbook, its been done many times now by Reddit, linkedin, Facebook, and all the rest, and maybe they will pull it off, but after more than 10 years of Social Media abuses, the Fediverse is filled with people who no longer want to be exploited in this way anymore. How about just paying for some instances, or supporting some FOSS projects already in the works?