AnriWarhol

water man from man world finds fish

  • he/they

Taiwanese Wasian || pregaming second puberty || he/they || enby tme || bi ☽☾ || ENTP 5w6 || wrote Diary Gentaro || dipped my toes in a lot of programming languages || icon: Art by Etherane; slideshow GIF made by yours truly || DM on discord if i rechost smth bad || autistic || No NFT, No Proship, No AI art

I love interaction, please talk to me


Carrd (aka all my identifiable information)
diarygentaro.carrd.co/
DDOS YouTube w/ My Vocaloid Playlist
y-t.be/btyb
Discord
notgayjustdepressed

LovelyDumpling
@LovelyDumpling

The mid 2023 financial report was just brought to my attention and man.... that's looking bleak.

gotta love this capitalist hellscape where doing the right thing just means you go bankrupt and die

I hope we can figure out more/better ways of making money and keeping the platform sustainable


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in reply to @LovelyDumpling's post:

Yeah I don't know... The more subscriptions are great, but considering May earned 5300 in revenue and lost 41000, that's a HUGE gulf to close the gap on. Even assuming they tripled their revenue since then (which I highly doubt), they'd not even be close to halfway to sustainability. It sounds to me like major changes are needed to bridge that gap.

Yeah, it's just a bit less to make up for with future other income sources. From the comments it seems like at least the power users of cohost would be fine with untargeted ads, and that'd be something. I don't know. It would be very sad if things just can't work out for a site doing so many things right for its users.

The only major change that will bridge that gap would be significantly reducing if not removing the dev salaries, which won't happen. It's not that they don't deserve to be paid, it's that monetizing a social media website, even if they did so in less ethical ways, won't cover that much money ever. The mastodon servers that run off a Mac mini in a drawer and have volunteer mods can afford to live off $5 donations. Twitter and Reddit both ran at massive losses since pretty much day one. Cohost is basically in the middle of those extremes, but the math just isn't there. They already have a higher percentage of paying users than most, but by their numbers even if every active (important word) user got Plus, it wouldn't cover it. Ads don't actually pay that much these days. The whole concept is unsustainable and there's no way little things like skimming some feed off tips or selling a few stickers or asking for $5 donations will cover tens of thousands of dollars of loss every month (and that's ignoring the extreme amount of debt they still owe from having been in the hole that bad for years). The only thing that would add up to enough is to pay yourself less, and that only slows the bleeding, it doesn't deal with the debt backlog.