News for hackers. Stuff that matters.

A comment on WeWork sells Meetup. Parent comment

Re:WeWork sells Meetup by dumbfounder on Monday March 30, 2020 @03:39PM (#22731496)
It’s not absurd at all, Instagram was only what, 13 people when it sold right? If meetup is in maintenance mode, which it sounds like it might be, then I would have expected it to be very lean too. It might be wrong but it isn’t absurd.
[ Parent | on HN ]
Re:WeWork sells Meetup by freewilly1040 on Monday March 30, 2020 @04:38PM (#22732059)
Sure, if you ignore monetization completely then that is reasonable. But that Instagram is not the Instagram of today, which actually makes money from an advertising platform.
[ Parent | on HN ]
Re:WeWork sells Meetup by dumbfounder on Monday March 30, 2020 @05:12PM (#22732354)
I'm not ignoring it, I'm saying it's plausible they went into maintenance mode and stuck to very basic monetization techniques to support a skeleton crew to keep the lights on until they sold it.
[ Parent | on HN ]