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Joined 1 year ago
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Cake day: June 6th, 2023

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  • Google was the first example I thought of, because they were founded in 1998, solidly before the dotcom crash. They survived because they hoarded data.

    My point was that every company going into the bubble thought they had a product they could monetize, but virtually all of them failed in favor of just hoarding everyone’s data. Amazon and eBay were competing for ecomerce supremacy, but now even they are just privacy violators for various reasons (amazon via AWS and Alexa, eBay in the interest of detecting malicious account behaviour).

    MySpace is an example of another unsustainable social media model in the vein of many dotcom era services. They died out as soon as Facebook realized they could hoard everyone’s data.

    All roads lead to privacy nightmares. It’s the fossil fuel of the internet, and enshitification is the climate change.

















  • How are you differentiating stakeholder and shareholder? The employees are certainly shareholders.

    Valve doesn’t really hire “grunts”. The people who are actually considered employees of valve are very few and highly skilled. The number of Wikipedia from 2016 is very out of date and estimates 360. But valve’s LinkedIn still says “over 300”.