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Cake day: June 26th, 2023

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  • Splintering communities suffer from major attrition events that lower their value. We already have a model for where Twitter and Reddit are going – FB. Compared with 10 years ago it is a graveyard. If it weren’t for their ownership of IG, it would be far worse for them. It is now a site for older people and for an awful lot of fake accounts. Twitter and Reddit are headed this same direction, but it’s probably a 2-3 year timeline before it is really obvious. More generally, the model of centralized social media has already peaked. I am not disputing that they will still have large user bases but there will be a slow grinding down.