Not exactly what I said.
My overall point is this does not fit their current and apparently only business model that results in advertising.
That market has gone very soft and will eventually come back, but in the intermediate 2-4 years they need to raise money and/or cot costs to survive.
Big companies can make big profits when they own the market and it's halthy. The inverse is also true.
All the hype is to raise money and keep shareholders happy and excited
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That makes sense. Thanks for clarifying.
I would maybe add that they might come back into squeezing out all the ad money only if they manage to maintain the monopoly over the distribution/attrition. Which I'm not sure is that certain.
Any of the clients who manages to eat up some of their user share is shrinking their pie. Moreover, can vastly undercut their "distribution fees".
They have to keep up the relevance and quality high in order to afford balancing something out of it in their feeds with ads. For new clients, getting the quality is difficult, but they can undercut their ad fees (ad share) without a tear.