Live data from Hacker News

Twitter acquires Revue

blog.twitter.com

211–220 of 270 posts

Re: Twitter acquires Revue

#211
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…

> Imagine paying $1-3 per month for FB or Twitter.

Imagine paying $1-3 per month for FB or Twitter.

Re: Twitter acquires Revue

#212

> Starting today, we’re making Revue’s Pro features free for all accounts and lowering the paid newsletter fee to 5% ...and there goes Substack's entire business. Overall, this is great for writers however. The missing component to Substack was the discovery/social mechanism. From a strategic perspective, it's easier to bolt on newsletter sending than it is to build a new social network. So this was always a huge ris…

A few of Substack's writers wouldn't be allowed for long on a Twitter-owned platforms, and they know it. Writers like Greenwald, Yarvin, and Taibbi are all to varying degrees, transgressive enough and critical enough of social media to perceive the extra cut Substack takes as a reasonable ask in exchange for a greater level of platform security. Substack will certainly lose a lot of writers, but I think it'll be safe…

Aren't they all active on Twitter? Greenwald certainly is. It's a major part of their brand-building effort already at the very least

Re: Twitter acquires Revue

#213

Earlier quoted context omitted.

It's a matter of perception, especially in poorer countries like Brazil, why would anyone pay money for something that was previously free? Good example of this is WhatsApp, IIRC it was free for a year then charged $1 for lifetime access, people still scrambled to get around the app(download illegal APKs, or recreate accounts).

Exactly. There are 2 problems with requiring payments in Brazil: 1 - Most people will not want to pay. They will spend a whole day/weekend trying to find a free alternative, even if it costs just a couple bucks. 2 - Many, many people don't have credit cards. You would need to support boleto or debit. Generating and managing boletos adds cost, so you would need to increase your fees not to lose money

I’m going to go out on a limb and suggest that there’s a slight problem with saying “social networks shouldn’t become paid because some users will leave”.

This line of reasoning implicitly treats those products as some sort of public good. I imagine it’s beneficial to their owners—but is it to the users?

There’s a conflict of interest here. Networks want to be free. Huge account numbers and de-facto public good status positively influence network valuations and allow them to charge more for ads; armies of troll and no-value accounts greatly inflate the numbers; the loser turns out to be legitimate users. If we are sure they remain afloat if we pay them, why should we worry about product’s popularity more than our own treatment?

They are not central parks or public squares. They don’t have the obligation of being free. They are free to discriminate subscription prices between countries, which many companies do today (Apple Music is 5 times cheaper in India than in the US[0]).

And if geographical price discrimination is not enough, if I’m poor I have the freedom to use another social network that charges less or nothing; when I (hopefully) grow my income and get fed up with myself being a product of X I can choose to invest into a more expensive tier of social networking and move my social presence[1] to Y—what’s wrong with that?

I suspect that normalizing paid options could make social networking more heterogenous, encourage competition, and likely benefit the society in the long run.

[0] https://www.cashnetusa.com/blog/which-countries-pay-most-and...

[1] If https://datatransferproject.dev pans out, I could perhaps even take my posts with me.

Re: Twitter acquires Revue

#214
post #212

Earlier quoted context omitted.

A few of Substack's writers wouldn't be allowed for long on a Twitter-owned platforms, and they know it. Writers like Greenwald, Yarvin, and Taibbi are all to varying degrees, transgressive enough and critical enough of social media to perceive the extra cut Substack takes as a reasonable ask in exchange for a greater level of platform security. Substack will certainly lose a lot of writers, but I think it'll be safe…

Aren't they all active on Twitter? Greenwald certainly is. It's a major part of their brand-building effort already at the very least

Yarvin isn't, to my knowledge. It's a matter of how they communicate on the platform, vs off. It's entirely feasible for them to present their more anodyne content on the platform, while still expressing a wider range of ideas and opinions off of it. This has been the smartest strategy for a while. Twitter doesn't usually care what you do outside their platform.

Re: Twitter acquires Revue

#215

> Starting today, we’re making Revue’s Pro features free for all accounts and lowering the paid newsletter fee to 5% ...and there goes Substack's entire business. Overall, this is great for writers however. The missing component to Substack was the discovery/social mechanism. From a strategic perspective, it's easier to bolt on newsletter sending than it is to build a new social network. So this was always a huge ris…

A few of Substack's writers wouldn't be allowed for long on a Twitter-owned platforms, and they know it. Writers like Greenwald, Yarvin, and Taibbi are all to varying degrees, transgressive enough and critical enough of social media to perceive the extra cut Substack takes as a reasonable ask in exchange for a greater level of platform security. Substack will certainly lose a lot of writers, but I think it'll be safe…

> A few of Substack’s writers wouldn’t be allowed for long on a Twitter-owned platforms, and they know it.

Maybe, but two of your three examples clearly would be allowed, and quite active, for quite a while "on a Twitter-owned platform":

> Writers like Greenwald,

https://twitter.com/ggreenwald (1.5M followers, since Aug 2008)

> Yarvin,

The only one without an obvious verified account on Twitter. There's a no-activity @CurtisYarvin regular account, though.

> and Taibbi

https://twitter.com/mtaibbi (0.5M followers, since May 2009)

Re: Twitter acquires Revue

#216

Earlier quoted context omitted.

I knew someone who was an early adopter of satellite TV. She said during the news, rather than ads, you saw the hosts smoking and chatting. That sounds so much more pleasant than what we have today. When cable had no ads, did all programs just run continously? If a channel did a special where they played standard TV programs designed for over the air broadcast (18-23 minutes/episode), did they just play them consecut…

In the UK, the BBC channels are still ad-free. Shows like The IT Crowd or Star Trek just play through continuously without ads. Between shows, they have a short ad break advertising other BBC shows and live broadcasts that will be playing at a later time, but nothing paid.

Same in Germany with the public TV channels like ARD, ZDF, etc.

Re: Twitter acquires Revue

#217

Earlier quoted context omitted.

> What happens after the inevitable next Purge? Most authors are not going to be "purged" full stop.

The good ones won't go to a platform that purges speech. It may be OK for content marketers, but i don't see journalists that don't like to mince their words (e.g. greenwald) choosing to host their content on twitter.

Greenwald is an avid Twitter user, and is hardly in any danger of being de platformed for any of his views.

Re: Twitter acquires Revue

#218
post #212

Earlier quoted context omitted.

Aren't they all active on Twitter? Greenwald certainly is. It's a major part of their brand-building effort already at the very least

Yarvin isn't, to my knowledge. It's a matter of how they communicate on the platform, vs off. It's entirely feasible for them to present their more anodyne content on the platform, while still expressing a wider range of ideas and opinions off of it. This has been the smartest strategy for a while. Twitter doesn't usually care what you do outside their platform.

> It’s a matter of how they communicate on the platform, vs off. It’s entirely feasible for them to present their more anodyne content on the platform, while still expressing a wider range of ideas and opinions off of it.

Greenwald’s Twitter is no more anodyne than his substack; the only real difference seems to be the usual kinds of adaptation to microblogging vs. long-form.

Re: Twitter acquires Revue

#219
post #210

I’m curious as to why Twitter chose to do this as an acquisition rather than build their own. It doesn’t seem particularly hard to build from an engineering perspective, and I doubt Twitter needs to acquire the Revue user base given their existing profile and reach.

[deleted]

Re: Twitter acquires Revue

#220
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…

Facebook makes $30-40 ARPU in the US+Canada.

https://s21.q4cdn.com/399680738/files/doc_financials/2020/q3...

Post reply on HN