Shutdown date according to https://alpha.app.net/: March 15, 2017.
Shutdown date according to http://blog.app.net/2017/01/12/app-net-is-shutting-down/: March 14, 2017.
Which date is correct?
App.net is shutting down
71–80 of 191 posts
Re: App.net is shutting down
#72Re: App.net is shutting down
#73Earlier quoted context omitted.
Which is a lesson in how VC can easily destroy a viable, profitable business with a "money-chasing-money" strategy.
How do you figure that? 1) VCs own hardly any shared of Twitter[1] 2) Stock grants are used as compensation for people working at Twitter, NOT something that benefits investors (except in the sense people are working at the company the investors invested in I guess). It's easy to blame VCs for everything, but I don't see how this makes any sense at all in this case. [1] http://www.recode.net/2016/8/11/12417064/twitte…
Who is in line for a buyout before other investors and at what multiplier? That information is usually not public and can be more important than what percentage of ownership a particular investor has.
Re: App.net is shutting down
#74Shutdown date according to https://alpha.app.net/ : March 15, 2017. Shutdown date according to http://blog.app.net/2017/01/12/app-net-is-shutting-down/ : March 14, 2017. Which date is correct?
Depends on which side of the International Date Line you are.
Re: App.net is shutting down
#75Earlier quoted context omitted.
Twitter finances (TTM): revenue: $2.52B gross profit: $1.49B It's only losing money because of stock grants.
Which is a lesson in how VC can easily destroy a viable, profitable business with a "money-chasing-money" strategy.
Twitter IPO'd over 3 years ago.
Re: App.net is shutting down
#76Earlier quoted context omitted.
or put another way, "people don't want to pay for most things"
Or to put it another way, people care more about money than their own privacy.
For the right price I'm okay. I paid Netflix for an account but they use my data to train their algorithm and enhance their product. I don't know all the details behind their work. Am I not trading their privacy? Do I really know if they aren't selling my data my preference with another partner? Do I want to pay $$ for social network? I have to weigh what justifies cost for me; most of my friends won't pay for an account for Facebook, and because I enjoy having an online social network with my real life friends, I am okay for as long as Facebook doesn't sell my name to advertiser (they can track my browser history for sure and I know they do). I accept the risk and I keep a close eyes on my online activity so nothing backfires on me.
Re: App.net is shutting down
#77Earlier quoted context omitted.
Or to put it another way, people care more about money than their own privacy.
Yep. I have a limited amount of money that I need to spend on more essential purchases. I'll happily trade my data/privacy for the right frivolity. When someone starts letting me pay for groceries with my browser history sign me up.
That would be thousands of dollars a year in value. Do you happen to have anything to offer besides your browser history? An email list perhaps?
Re: App.net is shutting down
#78If the launch would have been more humble maybe this wouldn't be such a spectacular failure.
Re: App.net is shutting down
#79Shutdown date according to https://alpha.app.net/ : March 15, 2017. Shutdown date according to http://blog.app.net/2017/01/12/app-net-is-shutting-down/ : March 14, 2017. Which date is correct?
Depends on which side of the International Date Line you are.
Laughing tears emoticon, a few times! :D