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Tsū: A social network that shares its advertising revenue with its users

tsu.co

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Re: Tsū: A social network that shares its advertising revenue with its users

#51
post #17

not going to work, checkout Marc Andreessen's take on his own version of the same concept: Ning. Edit: typo Xing Ning

Why won't it work?

How much do you value your privacy?

How about I generously offer you $1 per month? Feel insulted? it's exactly Tsū's plan.

(consider fb has 1.3b users and it's q2 earning 2.9b, $1 per month is indeed a generous offer)

joke aside, the fact is, when you talk revenue sharing to users, they/we always over-evaluate ourselves, and you can never match the expectation.

Re: Tsū: A social network that shares its advertising revenue with its users

#52

Why can't I just give you money for a service. I don't want ads. I don't want you to give me ad revenue. Just take my money and respect my privacy. Is that really so much to ask. I will happily pay someone a yearly subscription for a simple social network that respects users privacy.

This.

And this:

Ads are a sneaky and dishonest way to get at your end users' money. It's a lie that with ads you give your content for free:

1. The advertisers who pay you get their money from us, added to the prices of the things we buy. There is no free lunch.

2. The overhead cost of advertising is huge and we pay for that too.

3. We pay the opportunity cost of a product that cannot put users first because you live or die by giving advertisers what they want (and what we want indirectly and secondarily). This includes both the cost of lost privacy as well as business, editorial and design decisions that optimize for advertising revenue. As has been said, you are using us as products more than treating us as your paying customers. Let me restate to be extra clear: WE are the paying customer, but we don't look like that to your finance department.

4. We pay for all the collateral damage of advertising, such as the tremendous amount of link-bait and other garbage that advertising perversely incentivizes.

5. We pay the social costs. Democracy and the free market assume people make voting and purchasing decisions based on facts and reason. Advertising undermines democracy[1] and the free market[2]. Advertising is predominantly about manipulation and deceit. I believe this is the most expensive cost of content that relies on advertising revenue.

Added together, we end users are paying a lot more for "free" product than if we could just straight up pay you. And even we non-users are paying the social costs and collateral damage.

-

[This is a condensed version of a more detailed case with reference links that I made here: https://news.ycombinator.com/item?id=7485773]

[1] Do you really need a link for this one? We all know that money often overwhelmingly decides who gets to run in an election, plays a big part in who wins, and influences what legislation they introduce, support or fight.

[2] http://www.chaosisgood.com/2013/03/how-advertising-undermine...

Re: Tsū: A social network that shares its advertising revenue with its users

#54
post #47

The more I've played with various ways to share revenue with or create economic opportunity for users, the more I've realized that people just don't care about the money. There are of course some notable exceptions to this (Uber, eBay etc), but generally users have jobs and a few extra dollars just isn't enough to motivate them to change a single behavior.

People had jobs before doing youtube videos for a living. I don't think Tsu should be seen as a way to make money (at least not in a near future) but as a way to get rewarded for the content you produce. The same content which makes the value of Tsu. Take Instagram for example, talented people post beautiful pictures which add value to Instagram. And yet they only are rewarded with likes/comments. Tsu tries to fix th…

> Take Instagram for example, talented people post beautiful pictures which add value to Instagram. And yet they only are rewarded with likes/comments. Tsu tries to fix this.

They get rewarded with feedback, and if they produce good art they can license it through other means. Supposedly the latter should bring much more substantial money than earning a percentage on ads displayed behind a sign-up wall (why not do like YouTube and serve both content and ads to everyone?).

On the other hand, there do exist people who produce good art but choose to not monetize it. I can understand the attitude: unless I'm sure my art is great and will be widely appreciated, any resources I spend on monetization attempts will likely go to waste, only lowering morale. How do I tell my art is great? Well, fame.

On yet another hand, there's the YouTube crowd that makes money on their art without spending any resources on monetization or waiting to validate whether their art is good first. (Maybe this is due to specifics of video production? It's more engaging to consume and the barrier to entry is a little higher than with photography or text content.)

All in all, Tsu sure seems like an interesting initiative, it gives some food for thought and it'll be interesting to see what comes out of it.

Re: Tsū: A social network that shares its advertising revenue with its users

#55
post #49

Earlier quoted context omitted.

check out http://www.favorsome.com/ , you may find what you're looking for

I don't see how that's at all relevant to what I was talking about. Favorsome doesn't appear to be a co-op, or anything like one. By the way, I see your only other HN activity is also plugging Favorsome. Kinda spammy?

sorry, I'm new to HN, trying to surf and learn about social networks. my very first post was about Favorsome because I found it interesting.

You're right, Favorsome is not a co-op, but since you're talking about a network reinvesting its profits back into the users, I see that Favorsome is doing the same and thought you'd find it interesting, that's all

Re: Tsū: A social network that shares its advertising revenue with its users

#60
post #45
post #40

Yet another centralized initiative? Every new initiative is good if it brings new ideas. But sadly, most new social networks we see try to convince people that Facebook is bad (ads, privacy concerns, etc) instead of convincing them that the new thing is good. IMO, this is backwards. I have never heard someone tell me "Facebook should share revenue with us". I mean come on: Facebook hosts servers, creates tons of jobs…

Sure thing Facebook has nice servers architecture and most brilliant engineers, but does FB creates any content? That's just a website, an empty shell where people upload content. And FB gets 100% of ads revenue, generated by others' content. Look at content creators like The New York Times's website, they get money through ads by attracting people thanks to their article. Plus you give up all of your rights and priv…

That's "just" a website? You are kidding, right?

Facebook is way more than "just" a website: - the only platform that has managed to make people share this much content - a way for businesses to advertise and thus make more money - the maintainer of amazing open source projects such as HHVM or React.JS

I don't think Facebook is perfect. But focusing on the privacy concerns to say Facebook sucks is just wrong. If you're concerned with your privacy, simply don't sign up on Facebook or don't share private content.

According to Wikipedia [1], Facebook makes 7.8$B and has a net profit of 1.5$B. If Facebook gave 90% back to its user base, no way it could survive with the level of quality they provide (accessibility, technical reliabilty, etc).

[1] http://en.wikipedia.org/wiki/Facebook

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