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this post was submitted on 03 Oct 2024
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The reason I mentioned the dot com bubble is because a lot of the companies back then failed because they couldn't figure out a sustainable business model. It was mostly hype-driven with the idea of getting users first, then figuring out monetization later.
That's why we have ad-supported sites today. It was the main business model that was the most sustainable.
There were a lot of small sites, sure, but a lot of them were hosted on services with no real business model. Even back then, not a lot of people self-hosted.
That's a fair thing to bring up. I think your point went over my head, because I was mostly reminiscing about how the less capital-oriented parts of the internet were relatively pleasant before companies like Facebook came along and encouraged them all (with their newly acquired capital) to jump into the big centralized areas.