Post announces it's shutting down. "It is with a heavy heart that I share this sad news with you. Despite how much we’ve accomplished together, we will be shutting down Post News within the next few weeks. We have done many great things together. We built a toxicity-free community, a platform where Publishers engage, and an app that validated many theories around Micropayments and consumers’ willingness to purchase individual articles. We even managed to cultivate a phenomenal tipping ecosystem for creators and commenters. But, at the end of the day, our service is not growing fast enough to become a real business or a significant platform. A consumer business, at its core, needs to show rapid consumer adoption and we have not managed to find the right product combination to make it happen." https://lnkd.in/gNUFzucs
But you did, you tried... That's all will be counted!
CEO/Founder at Veriphix - Belief data and shifting belief. Dual use COTS. NATO Challenge Winner. MissionLink '23 cohort
7moThe monetization of community platforms is the issue. Which is easily solved. But you need “narrative selection” which are issues that are known to change belief. That is premium ad space CREATED by the content. See Spotify-WPP emotional advertising but using words not songs. With sufficient ad revenue to pay content creators, these sites can flourish. Without monetization they die. That is where Veriphix’s ad platform comes in. Monetization with integrated cognitive defense. Hopefully the next Post learns that lesson and calls before they die. These entities can flourish.