I think the big problem is that they are trying to turn something which is more akin to a utility into a product that can be IPO’d.
What they used to be (simple, free, centralised forum software) doesn’t interest the market; so they’re having to try and package it as a social network.
Rightly or wrongly, the market has an understanding of how to value that and things like data collection and deployment, DAUs, mobile vs non-mobile usage (again, more about data collection), and the oh so relevant deployment of AI/ML.
It’s why, we all know, there is hate speech and such on the platform which could be handled more actively but isn’t: they need the DAUs.
It’s the big issue with “build it and they will come” type endeavours like this: you have to know you’ll do when they get there.
What they used to be (simple, free, centralised forum software) doesn’t interest the market; so they’re having to try and package it as a social network.
Rightly or wrongly, the market has an understanding of how to value that and things like data collection and deployment, DAUs, mobile vs non-mobile usage (again, more about data collection), and the oh so relevant deployment of AI/ML.
It’s why, we all know, there is hate speech and such on the platform which could be handled more actively but isn’t: they need the DAUs.
It’s the big issue with “build it and they will come” type endeavours like this: you have to know you’ll do when they get there.