cross-posted from: https://lemmy.zip/post/27733087
Social networking startup and X competitor Bluesky is working on subscriptions. The company first announced plans to develop a new revenue stream based on the subscription model when detailing its $15 million Series A back in October. Now, mockups teasing the upcoming Bluesky subscription, along with a list of possible features, have been published to Bluesky’s GitHub.
Okay, so Bluesky started the same way, with no plan to monetize from the get-go, waiting to monetize later. So far, they’ve not been profitable yet, either. They keep taking money but until seemingly just now have not articulated a plan on how to pay any of it back. That’s exactly like Twitter, honestly.
I think the bigger issue is who they took money from and the kind of investment returns they expect. Because if this model doesn’t pan out enough for their greedy little hearts, they’ll demand ads and worse, too.
Because of capitalism’s never-ending desire for more, I expect to see both subscriptions and ads.
Well done everyone, you jumped ship from one pile of shit over to something that isn’t quite a pile of shit yet
The timelines are vastly different here. Twitter had like 15 years to figure it out.