this post was submitted on 21 Jul 2023
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Privacy
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I haven’t read the replies but there was a very interesting episode by Derek Thomson’s Plain English podcast which I found incredibly interesting.
Derek made the conjecture that we were on a cusp of a big paradigm shift in the Internet.
For the last 20 years, it was essentially about building a consumer basis. So companies like Netflix and Facebook and Amazon did not care about current profits. The point was to just get consumers, drive out the competition, and commandeer the monopoly. What you cared about was consumer growth.
Now and especially post Covid companies like Twitter are realising that this isn’t going to work. The next movement is going to all be about paying models. This is what we’re seeing with Twitter. This is what we’re seeing with OnlyFans or Patreon.
So in light of the above comments, none of this is surprising. The next era will be about paid models of the internet. This is what we’re seeing with content creators moving off of free content (paid with ads) and moving to platforms like Patreon where there is a smaller group of paid customers.
I need to find that episode as it was extremely prophetic. It might have potentially been this one https://open.spotify.com/episode/2zRha9y46btKdAfwfHpvQ5?si=_jkP3iX7TXOesHLsoY9Vxw