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this post was submitted on 24 Apr 2024
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Aren't the bones the cheap part now? Think truth social for instance, why was it supposedly worth so much if anyone can spin up a Mastadon instance and make it the same restrictions over the weekend. The userbase numbers are all that mattered there I assume. Why is reddit worth more than Lemmy? Is it because the bones are expensive? Or is it that they have access to a large userbase already.
the reason truth social was so highly valued is probably related to trumps chronic addiction to over valuing his assets by about 10-100x the original value of them.
you would think the userbase of truth social would be big, it's not. It's several orders of magnitude smaller than twitter, and it's value is theorized to be heavily independent of the actual user count, the board of truth literally said as much. I.E. basically fucking bullshit.