this post was submitted on 23 Aug 2024
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[โ€“] SlopppyEngineer@lemmy.world 28 points 3 weeks ago (1 children)

Yep. that's the classic shitty business model

  • Make a site that's attractive to use for a lot of people

  • Once you have enough people, lock in the users with network effect, walled garden, etc

  • Use the users to draw in businesses

  • Lock in the businesses and squeeze them for profit.

  • Squeeze users and businesses for money, abandon any maintenance and improvement on the site except for monetization.

[โ€“] Hadriscus@lemm.ee 22 points 3 weeks ago

It's the 3 D's.

  1. Develop the product
  2. Draw people in
  3. Dump a nice steamy log on the whole thing