61–70 of 169 posts
One of the contributing factors here is that we keep calling these "social networks," but that's not really what they're being used for. If you look at an average user's feed, it probably breaks down into 30% traditional advertising, 20% nontraditional advertising (via influencers and friends shilling for their employers and promoting their side hustles), 30% content by people they have no social relationship with (c…
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I have literally asked people "would you pay $5 for this?" they say yes, then I tell them to buy it and they say no. When this kept happening I realised the only thing that matters in sales is... actually making sales. Everything else is window dressing.
> then I tell them to buy it and they say no Were you asking them to open their wallet and hand you 5 dollars and that's it, or were you asking them to go to an unfamiliar website, click around, enter their credit card information, and then spend time learning how to use the software, and do it all right now?
How this level of title editorializing is possible on HN? It just picks Tiktok purely as a bait, but actual research includes multiple websites and also luxury brands.
How this level of title editorializing is possible on HN? It just picks Tiktok purely as a bait, but actual research includes multiple websites and also luxury brands.
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Lots of people would be willing to do lots of things for lots of money until you actually give them the opportunity to do so. It's easy to spend hypothetical money.
This reminds me of carbon offsets where you get paid to not cut down a forest. I’m eagerly anticipating the first social media company to take money from every user in order to shut it all down and burn the code.
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Would that really help? There's a virtually unlimited supply of "stuff" one could desire & buy. There might not be a new iPhone this year, but would you look at that shiny new watch/console/TV/etc. Either you care about owning status symbols or you don't, I don't think taking one of them off the market would make a difference.
The peer pressures to have an iPhone within a lot of groups are very real and strong. Having a "Blue bubble" is shunned in many circles [1]. It's a sad reality. A part of it is likely iPhones managed to create a class of their own whereas nobody cares what brand of 65" TV someone has or who designed their 300 m^2 house. [1]: https://www.wsj.com/articles/why-apples-imessage-is-winning-...
This is not the dystopian future we imagined, yet here we are. I’m scared to think where we will end up in 20-40 years time as our marketing and psychology capability increases.
I'd like to see the results of a study for "How much would you pay to have your parents/grandparents Facebook accounts deactivated?" Facebook is probably leaving money on the table!