• Lost_My_Mind@lemmy.world
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      21 hours ago

      I don’t understand the logic. Verizon buys tumblr, knowing it has porn, knowing porn is what makes it popular.

      Kills porn.

      Kills the valuation of the brand

      Sells for far less than they bought it for.

      Explain please.

      • grte@lemmy.ca
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        21 hours ago

        They gambled that the additional ad revenue they’d be able to bring in with a sanitized web site would be greater than the revenue lost from some of their userbase leaving the site. It was a bad gamble.

        • TrueStoryBob@lemmy.world
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          2 hours ago

          Yeah, the plan was similar to when Time-Warner acquired Myspace only to not understand what a social media site is inherently; then fumble the bag and sell as fast as possible. They really fucked themselves left right and center on that deal… but everyone’s friend Tom is still a multimillionaire.

      • TheFogan@programming.dev
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        20 hours ago

        It’s the porn paridox. Porn gets users. Advertisers pay per user… but won’t pay anything if there’s porn. Users without advertisers or subscription costs are worthless.

      • lime!@feddit.nu
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        20 hours ago

        depends on whether matt mullenweg knows you exist

        also i’ve only just realized why he named the company auto-matt-ic oh my god