this post was submitted on 13 Jul 2023
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Fediverse

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This magazine is dedicated to discussions on the federated social networking ecosystem, which includes decentralized and open-source social media platforms. Whether you are a user, developer, or simply interested in the concept of decentralized social media, this is the place for you. Here you can share your knowledge, ask questions, and engage in discussions on topics such as the benefits and challenges of decentralized social media, new and existing federated platforms, and more. From the latest developments and trends to ethical considerations and the future of federated social media, this category covers a wide range of topics related to the Fediverse.

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[–] 0xtero@kbin.social 4 points 1 year ago (18 children)

Facebook bought Instagram for the price of ~$30 per user.

Yeah, sure for ad revenue.
Fediverse hasn't been monetized though, so there's no expected ad revenue. Patreons and other donations are not revenue.

You are basically just buying a bunch of hosting costs

[–] PabloDiscobar@kbin.social 1 points 1 year ago (17 children)

The emails revealed that Zuckerberg wanted to buy Instagram as it was becoming a threat to Facebook.

"Facebook, by its own admission saw Instagram as a threat that could potentially siphon business away from Facebook," Nadler said during the hearing on Wednesday.

"So rather than compete with it, Facebook bought it. This is exactly the type of anti-competitive acquisition the antitrust laws were designed to prevent," Nadler added.

Facebook bought Instagram for $1 billion in 2012, a shocking sum at that time for a company with 13 employees,

Facebook bought the adoption, they bought the users.

[–] Teppic@kbin.social 6 points 1 year ago (5 children)

You miss-represent the fediverse. Users aren't locked in. If someone buys one instance and you don't like it, you move. You still have all the same access, all the same content. An instance is only an access point, in many ways it is like an ISP, and people jump service providers all the time.

[–] Teppic@mastodonapp.uk 2 points 1 year ago

I can reply from here too, I don't need to use kbin.

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