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Twitter acquires Revue

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Re: Twitter acquires Revue

#131

Post by paulgb »

omarhaneef wrote: post #91
paulgb wrote: post #77

Earlier quoted context omitted.

My prediction: bundling. Most of the good content (excluding self-hosted) is now arguably on Substack, but the subscription model is still one-to-one and doesn’t allow them to take advantage of the network effects. There’s a limited number of subscriptions I’m willing to pay for. Bundling economics, if done right, could extract a higher monthly fee from me into the platform. After all, the marginal cost of providing…

You know the joke that tech just rediscovers the pre-tech economy? Like a rideshare company will pick up groups of passengers from a location and drop them to the same location in the direction you're going - oh, you just discovered buses. That kind of thing? This is heading towards a you just discovered online magazines/newspapers jokes. Consider: - bundle the best writers together - pay them a salary so they feel s…

Ha, that’s fair, but a magazine-style model is only one way to go. Something like diminishing cost for adding additional subscriptions (with the discount split between the newsletters I subscribe to) would be effective in making me spend more there. (And probably abandon an off-substack paid subscription)

Re: Twitter acquires Revue

#132

Post by whimsicalism »

cblconfederate wrote: post #117

I ve seen people talking about owning their twitter audience but the suggestion was to move away from twitter and towards self-hosting. Substack is promoted as a temporary in-between. Interesting that twitter thinks authors want to lock long-form content in there. What happens after the inevitable next Purge?

> What happens after the inevitable next Purge?

Most authors are not going to be "purged" full stop.

Re: Twitter acquires Revue

#133

Post by apozem »

walleeee wrote: post #84

Why is the Revue model preferable to a blog with a tip jar and RSS? I understand why Twitter wants in on a lucrative game, but I don't understand the value proposition for writers or readers. I struggle to see how, as a regular person on the internet, I benefit from a "public square" that will hijack my brainstem to maximize engagement, sell my attention and browsing habits to 3rd parties, and suspend my account with…

Tips/micropayments are bad customer experiences. From Stratechery (multi-line quote):

-----------

I am instinctually skeptical of micropayments for a whole host of reasons:

- First, you have to have attach a payment method; it is hard to overcome that level of friction for just a few cents

- Secondly, if said payment method is a credit card, you need to deal with the fact the fees on a credit card transaction start around $0.29

- Third, there is the psychological burden imposed on customers who need to continually choose whether or not to make a purchase

To date the only sort of business that has succeeded with micropayments are free-to-play games: the App Store supplies the payment method (and eats the credit card fees), most games obfuscate the money spent (by selling in-game currency), and even then the strategy succeeds by hooking a small number of “whales” who play the game compulsively; most never pay.

This, in my estimation, would never work for a newspaper or magazine: there is too much competition when it comes to content, the price of any one piece couldn’t be priced high enough to overcome fees, and getting people to pay is hard. Moreover, while a subscription model caps the amount of revenue you earn per customer, it also reduces the likelihood said customer will explore alternatives: it is set and forget, while a micropayment asks for consideration every single time.

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https://stratechery.com/2016/blendle-launches-in-the-u-s-an-... (paywalled)

Re: Twitter acquires Revue

#134

Post by whimsicalism »

nikivi wrote: post #5
pboutros wrote: post #4

This is a really smart acquisition for Twitter to make. I'm subscribed to a number of substacks (and Patreons) that I only discovered through creators on Twitter. Job #1 for twitter should be making it easy to subscribe to Revue newsletters from within Twitter. Please do not put the team that rolled out Fleets in charge of Job #1 ;)

What did you dislike about Fleets rollout?

They are incongruous with how I see most people using twitter. If I wanted the fleet, I would follow them on instagram.

Re: Twitter acquires Revue

#135

Post by heimatau »

offtop5 wrote: post #62
pembrook wrote: post #51

Earlier quoted context omitted.

> The Twitter brand isn't looking so hot right now. I see "current press sentiment" as an irrelevant factor. Just wait until some prominent right winger heads to Substack and the journalists start aiming their sights. The point is, if I'm going to start a paid newsletter, am I willing to give up an extra 5% of my income for the same feature set? The answer is hell no. Substack will have to lower their prices, and the…

To each their own, but given the major questions around how much power Twitter has, I don't see a lot of free and open journalism happening there. Ideally the entire reason you pay for this type of content is because you don't want to just read CNN. If Twitter is perceived as controlling your content anyway, why pay for it

IMHO, the only solution is a fairly complicated decentralized structure with economic incentives for all.

Re: Twitter acquires Revue

#136

Post by [deleted] »

RL_Quine wrote: post #31
thomasahle wrote: post #14

Earlier quoted context omitted.

> Deleting and reposting hurts and would eliminate engagement statistics. Maybe there should be a maximum number of characters edited. If I have liked/retweeted a tweet, and its author then completely rewrites it,I would want my "engagement" eliminated.

Am considering taking Tesla private at $9420. Funding secured. Am considering taking Tesla private at $420. Funding secured. Am considering taking Tesla private at $42. Funding secured.

[deleted]

Re: Twitter acquires Revue

#138

Post by AzzieElbab »

jhunter1016 wrote: post #56

This is a smart move by Twitter. Substack has taken off considerably. Rather than watch all their prized users go publish long form content on a platform outside their orbit, Twitter just pulled a platform into their orbit. The thing I’m curious about is how creative Twitter will get with integrating the platforms. There have been a lot of missed opportunities with previous Twitter acquisitions IMO.

I don’t thin substack crowd would trust Twitter with their content.

Re: Twitter acquires Revue

#139

Post by nathias »

siruva07 wrote: post #7

Excellent acquisition. Twitter will definitely compete and take marketshare from Substack with lower fees from 20% to 5%. I hope this acquisition is actually a stepping stone for Twitter to become a much better service. Twitter could absolutely become a paid service and move away from ads as its business model. No political ads to worry about. No interference with the product experience. And believe it or not, if I u…

I won't believe that until I see it, you can most definitely both pay and be the product.

Re: Twitter acquires Revue

#140

Post by skinkestek »

corobo wrote: post #130
user-the-name wrote: post #9

Earlier quoted context omitted.

An edit button does not make sense for a service like Twitter. There are way to many ways to abuse it, and any solution that tries to deal with those just ends up being equivalent to what already exists: Delete and repost.

> and any solution that tries to deal with those just ends up being equivalent to what already exists: Delete and repost. I'd love this honestly. Even if it was just a delete and repost under the hood, generally I find I want an edit button just after posting and noticing all the typos. As long as the interface interacted like an edit form rather than have me copy and then rebuild the tweet I'd be good to go.

Mastodon has this :-)
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