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Re: Tumblr

#51

Post by lowdose »

Mirioron wrote: post #45
tryitnow wrote: post #38

Should we start entertaining the admittedly simple-minded notion that it is not tumblr that is under-valued, but everything else is over-valued?

I think this is very likely. The only way I can see companies like Twitter being worth as much as they are is their potential political power. A company like Twitter has a lot of influence over that, but I don't think they create such an enormous amount of value.

It's still pretty cool everyone can engage with the United States president or with an Elon Musk. Every user is aware of that reach.

Re: Tumblr

#52

Post by pmlnr »

azinman2 wrote: post #50

“Tumblr was an example of how to do social media right and we can learn a lot from it.“ Except it lost, so by definition it can’t be right. Update: there are clearly many definitions of right. Here I’m using right in the sense that it gets mass adoption (right in that people prefer it), and right in the sense that it also simultaneously does net positive for the world. Achieving both is difficult.

"Lost". It did not lose in term of being a better social experience. People after pale fame and instant gratification left to chase the "i wanna be famous", Total Drama Island style, but this has nothing to do with socially or morally better.

Re: Tumblr

#53

Post by FussyZeus »

tryitnow wrote: post #38

Should we start entertaining the admittedly simple-minded notion that it is not tumblr that is under-valued, but everything else is over-valued?

I'd add that social media, done well, cannot and should not be monetized. There is simply no overlap between what makes a service engaging to use to the degrees needed to make advertising profitable, and the priorities set forth to grow a community that is a net addition to the lives of its members.

Call me starry eyed if you want, but I think while we do absolutely need a Facebook, that it shouldn't be a private business. It should be a public good, funded by the public, for the public and its interests.

Re: Tumblr

#54

Post by causality0 »

>Tumblr was a happy place and using it made people feel good about themselves.

Uh, what? Just off the top of my head I can think of people who've been bullied on Tumblr into attempted suicide.

Re: Tumblr

#55

Post by derefr »

azinman2 wrote: post #50

“Tumblr was an example of how to do social media right and we can learn a lot from it.“ Except it lost, so by definition it can’t be right. Update: there are clearly many definitions of right. Here I’m using right in the sense that it gets mass adoption (right in that people prefer it), and right in the sense that it also simultaneously does net positive for the world. Achieving both is difficult.

The best product for users can also inherently have no business model. Doesn't mean it's not the best product. (Example: BitTorrent.)

Re: Tumblr

#56

Post by derefr »

notatoad wrote: post #39
uncletaco wrote: post #27

Earlier quoted context omitted.

Twitter, IMO, is wonderful when you stop following journalists, politicians, and A list celebrities. What that leaves is mostly meme makers and minor influencers who generally wrap all the bad stuff inside of funny jokes and hot takes.

Twitter is also excellent for following journalists, but i keep them sectioned off into their own list and try my best to limit the attention i pay to that. I can see why people say twitter sucks, but really it only sucks if you're following a whole bunch of different "genres" in the same feed. the prolific tweeters like to talk about twitter in sections - "politics twitter", "black twitter", "meme twitter" etc and i…

It's too bad that Twitter itself doesn't make this into a real abstraction. I'd love to treat my feed as mixed activity from a set of isolated communities, where one community can retweet something from another community into their own community, but where this retweet acts as its own object that doesn't inform anyone from the origin community about the activity on it in the destination community. Sort of like Slack, if there were teams but no channels, only threads, and your view was a unified all-threads-in-all-teams activity stream.

Re: Tumblr

#57

Post by errantspark »

untog wrote: post #47
_bxg1 wrote: post #43

Earlier quoted context omitted.

Verizon didn't just fail to figure out what to do with Tumblr, it dealt what was nearly a death blow by changing its policy on adult content - one of the platform's biggest remaining pillars of core users. Tumblr doesn't still exist because of its features; it exists because of its communities. Leave it to Verizon to not just starve a golden goose, but shoot it in the head.

According to Matt Mullenweg, that's not true: > One of the things that really surprised me is I thought — as probably many do — that Tumblr had kind of died under its variety of corporate parents. And then actually being able to see some of the numbers, including some the numbers post-when they changed the adult content policy. I was like, “Wow, this has still got a ton going on.” https://www.theverge.com/2019/8/14/2…

https://www.statista.com/statistics/261925/unique-visitors-t...

Yeah ok, whatever.

I don't doubt that it's still a viable business, I don't care.

I feel a deep pain every time I think about it. Something beautiful was destroyed with no remorse. The world is worse off because of it. It feels like tearing down statues of the buddha. The one place on the internet where one could explore explicit sexuality without feeling gross and exploited. I will never forgive this destruction of a beautiful culture. The whole thing makes my blood boil.

Re: Tumblr

#58

Post by Gibbon1 »

tryitnow wrote: post #38

Should we start entertaining the admittedly simple-minded notion that it is not tumblr that is under-valued, but everything else is over-valued?

I've long been a bit troubled by the valuation of newspapers during the dead tree era vs the valuation of their electron based replacements.

Re: Tumblr

#59

Post by avn2109 »

nostrademons wrote: post #26
laser wrote: post #14

I had heard the "well below 20m" figure and couldn't believe it—and now Fred is saying they dumped it for $3 million? I suppose if Verizon is taking the tax deduction on an original $1.1 billion purchase by Yahoo, the value of the deduction so much dwarfs the sale price that the difference to Yahoo between a $3 million sale price and a $50 million sale price is pretty minimal—they just want to close the deal to take…

IMHO Wordpress itself is grossly undervalued. I've done some whole-web analysis and they (including both the open-source project and the hosted service) account for roughly 18% of the web. The volume of content produced on them (in terms of # of words, not # of messages) is greater than on Twitter. If you look at comparables - with Twitter valued at $30B, Reddit at $3B, and Wordpress valued at $1.16B - it's pretty ha…

Another interpretation of your (insightful and valid) comment is that Twitter and Reddit are severely overvalued.

Re: Tumblr

#60

Post by umeshunni »

uncletaco wrote: post #27
codesushi42 wrote: post #10

Now we are stuck with Facebook, a closed platform. Or Reddit, which masquerades as an open platform, but is really closed shut. There's only Twitter now. And Twitter kind of sucks.

Twitter, IMO, is wonderful when you stop following journalists, politicians, and A list celebrities. What that leaves is mostly meme makers and minor influencers who generally wrap all the bad stuff inside of funny jokes and hot takes.

> Twitter, IMO, is wonderful when you stop following journalists, politicians, and A list celebrities.

I've tried to, but Twitter seems to keep showing me all of this whenever someone I follow likes or retweets their posts.

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