Re:Substack is laying off 14% of its staff
by scarface74 on Thursday June 30, 2022 @08:09AM
(#31931377)
Snap made a little over $1 billion in revenue last quarter and had a net income of -$360 million. Thads yet another fallacy of the startup mentality (yes I know snap is public). Judging “success” by revenue and not profit. Anyone can sell dollar bills for 95 cents.
Also see Yahoo. Yahoo was one of the most trafficked websites for almost two decades and couldn’t really profit from it after the dot com bust.
Also I was just using ads as example of how digital real estate can be monetised. I'm not a Substack user so I might be mistaken, but I believe most of their revenue comes from their subscription model. The point I was making was just that if you create something that millions of people use whether or not you're aggressively monetising it today, there is still some theoretical value that you can assign to those eyeballs and that engagement.