this post was submitted on 28 Aug 2024
347 points (98.3% liked)

Technology

58063 readers
3052 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 73 points 2 weeks ago (9 children)

Even after Automattic acquired it, the site continued to lose money at a rate of $30 million each year, the company’s CEO Matt Mullenweg had said.

I still wanna know what they're spending all that money on, because I'm sure it's not developers or even servers. The idea that they can only be profitable if they're constantly growing their user numbers is an investor idea that's doomed to fail eventually and why so many social media sites are crashing right now

[–] [email protected] 8 points 2 weeks ago (2 children)

I see no mention of ActivityPub in the article, but I'm wondering if this is part of their plan to eventually integrate Tumblr into the fediverse as well.

However I agree with others that this will likely result in hella janky hackable websites first...hopefully it smoothes out.

load more comments (6 replies)