this post was submitted on 23 Apr 2024
548 points (97.1% liked)
Technology
59377 readers
3850 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There’s an awful lot of things where if the incentives were to keep paying users happy instead of keeping advertisers happy we would see very different results from the service. Unfortunately, for an awful lot of these services people don’t want to pay for them, or at least don’t want to pay what it costs to make them financially viable.
The high cost of housing is squeezing people all over the globe and we're seeing a spike in homelessness in first-world countries from USA to Australia, where the affordability of housing is out of control, on top of explosive inflation of food costs.
It may not be that they "don't want to pay" but simply not enough people have enough discretionary income to pay enough to make the business financially viable.
I mean, that's what happened to Beeper and while I was a very early on their sign up list I decided to never give them any money. When it became clear they weren't able to keep things going on how much money they were making from paying users: Micigovsky sold to a larger company.
I think it's an issue that the services they're offering actually cost more than the market is actually effectively able to bear and they're trying to hide that fact with advertising and data sales to cover operating costs.
More simply put: Consumers don't actually have enough money anymore to be able to support a business, and businesses essentially now must rely on other businesses as customers to be able to functionally exist financially. Only other businesses have the finances to support new business.