• KevonLooney@lemm.ee
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    8 months ago

    People who invest are betting that the problems can be solved by a new team or when the company is sold to Facebook.

    • db2@lemmy.world
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      8 months ago

      Imagine thinking that about a company that isn’t even doing remotely as well as Lycos.

      That’s right, it still exists and unlike reddit it’s profitable.

      • falsem@kbin.social
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        8 months ago

        I’d imagine reddit could be profitable too if they stopped throwing money at stupid shit like NFTs and avatars. Selling API access for AI training was a good move in terms of bringing in income since it basically costs them nothing, and they could have totally pulled that off without pissing off half their userbase.

        • MaggiWuerze@feddit.de
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          8 months ago

          They could’ve also called reasonable prices for api access for 3rd party apps and would have a nice revenue stream now instead of the pr shitshow they got.

          • Ilgaz@lemm.ee
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            8 months ago

            I think I have read this suggestion at Reddit: "Make people who wants to use API as clients pay. " The app doesn’t have to have API key, user pays a very reasonable money to access Reddit with their favourite application. Obviously it would come with sane for human browsing limits and AI leechers should pay millions.

            Just like a plain old radio station where you can access from web page for free but you need to subscribe for better AAC, high quality streams and standard VLC support.

          • Nightwatch Admin@feddit.nl
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            8 months ago

            Not the NFTs themselves so much, but the code development to integrate it with reddit for example.

      • Clbull@lemmy.worldOP
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        8 months ago

        Lycos isn’t even a particularly bad search engine. It’s just been overshadowed by bigger players like Google, Bing, Baidu, DDG, Yandex, etc. I imagine that their low traffic helps to lower their operating costs a lot.