this post was submitted on 11 Feb 2025
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They gambled that the additional ad revenue they'd be able to bring in with a sanitized web site would be greater than the revenue lost from some of their userbase leaving the site. It was a bad gamble.
Yeah, the plan was similar to when Time-Warner acquired Myspace only to not understand what a social media site is inherently; then fumble the bag and sell as fast as possible. They really fucked themselves left right and center on that deal... but everyone's friend Tom is still a multimillionaire.