Tumblr is losing $30M each year, CEO says
Tumblr is losing $30M each year, CEO says
Tumblr head Matt Mullenweg also assuaged users fears by confirming that the platform will not remove its chronological feed.
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I'm guessing from the unlimited money hose that was Silicon Valley venture capital.
Problem is, and the reason we're hearing about this now, the money is being redirected to AI, and all these negative income companies don't have enough capital to keep going.
That's why it seems like the entire Internet is going to shit all at once. The corporate money that tried to monopolize everything we access online has been cut off.
But the good news is that compute, bandwidth , and storage has gotten cheap enough to host powerful FOSS alternatives ourselves.
I'm cautiously hopeful this leads to a golden era of the open Internet.
We had the golden era, and we squandered it by chasing centralized platforms and raising up the shittiest people and corporations.
What we will hopefully see is a resurgent era, but the internet will never be as open as it was ever again. The corporate interests run too deep, the giants have too many levers to control how people experience the internet, and they're going to abuse that.
And I promise in like 5-8 years, were going to start seeing heavy lobbying against decentralized platforms after some instance gets caught with child porn or something. It'll be right around the same time conservatives are floating regulation of VPNs to "protect the children" or some shit.
or next time Spez hackes lemmy.world, he uploads that as sabotage.
Oh, buddy, they are not that dumb. They are not going to use conservative rhetoric for this.
Prepare to be called an alt-right extremist. Or maybe "alt-left" is going to become a thing to classify you.
But of course you are correct.
I’m cautiously hopeful this leads to a golden era of the open Internet.
Amen, oh brother.
I'm feeling so hysterically easy seeing all this unfolding. The bastards really managed to milk the herd of lamers for so long they thought it was going to last forever. Only now that herd believes in AI, cause it thinks a computer can think for them. There's a new perspective field for selling snake oil, so they are finally going to stop shitting on ours.