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There Are No Weird Blogs Anymore Cause It’s More Fruitful to Drive Them Out of Business

⁨98⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨day⁩ ago⁩ by ⁨alyaza@beehaw.org⁩ to ⁨technology@beehaw.org⁩

https://talkingpointsmemo.com/tpm-25/private-equity-killed-media

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Comments

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  • nixus@anarchist.nexus ⁨1⁩ ⁨day⁩ ago

    There are plenty of weird blogs, just look up The Small Web. There are less weird blogs that make money, but I can’t say that I’m overly sad about that.

    The headline is a little misleading: This isn’t really about small blogs, but more about how Private Equity harvests smaller companies, and leaves their husks to rot. That is a very legitimate problem that needs some serious solutions.

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    • AmbitiousProcess@piefed.social ⁨1⁩ ⁨day⁩ ago

      Kagi has a great little feed you can use to randomly explore smallweb blogs. I’d recommend it!

      https://kagi.com/smallweb/

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      • SnotFlickerman@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

        I have so many reasons to not use Kagi.

        d-shoot.net/kagi.html

        web.archive.org/web/…/112255132348604770/

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      • RalfWausE@blackneon.net ⁨1⁩ ⁨day⁩ ago

        I would also recommend wiby which caters to the really small and old parts of the net.

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    • HobbitFoot@thelemmy.club ⁨21⁩ ⁨hours⁩ ago

      In this case, private equity isn’t the only villain.

      Print journalism has been decimated over the last generation as it has become the expectation that the articles should be free. The money that used to support journalism is mostly gone.

      The writer is focusing only in their own experiences, but the industry as a whole can’t support many people who blog as is it is their job.

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    • mesamunefire@piefed.social ⁨1⁩ ⁨day⁩ ago

      Shout out to https://piefed.social/f/smallweb

      Lots of great communities there. And rss is still king ;)

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      • nixus@anarchist.nexus ⁨1⁩ ⁨day⁩ ago

        Totally! I keep hearing about the “death of RSS”, and yet, that’s how I follow most of my online media.

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      • MrSoup@lemmy.zip ⁨1⁩ ⁨day⁩ ago

        Maybe this works:
        !smallweb@piefed.social

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  • SnotFlickerman@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

    Misleading title.

    There are indeed “weird blogs” they just have to be devoid of capitalist funding.

    Corey Doctorow’s Pluralistic seems in many ways to be a natural extension of his BoingBoing days albeit a bit more serious than the lighthearted BoingBoing.

    MetaFilter fully became a non-profit and still retains a more a blog-esque format than it’s contemporaries.

    Mother Jones has a strong online presence and has avoided the capitalist machine for it’s entire existence.

    The thing is (and the more important part of this story is) that submitting to the capitalist machine is to submit to its machinations and unwillingness to adhere to the age-old social contract of a business producing profit to be sufficient enough for a business to exist. Modern capitalism is indeed a shell-game of extracting maximum value, essentially truly squeezing blood from a stone until the stone no longer even exists. Anyone who willingly plays this game will be bitten by this game, unless they themselves become ruthless capitalists and focus all their energy on shell-game chicanery over producing actual products, services, or content. There is no end-game here where the plucky capitalist-minded business-owner can overcome all and become the master of their own domain. The few who have (Valve, for example) had a solid financial footing to begin their more unique forays into profit-driving and they have stayed independent companies instead of publicly owned companies. That alone has saved them, and most of them (again, like Valve) started in an era before the behemoth of VC (Vulture/Vampire Capitalism) took hold, and made their early profits soon enough to not need such outside funding. Starting such a company today? Without outside funding? Get real. You’d have to be someone like Gabe Newell, who exited Microsoft with enough money to take a risk to make a profit of his own without needing outside stake, and the number of Gabe Newell’s exiting industry to make their own goes at new business are exceedingly rare. The ones that actually succeed in making a profitable company are even rarer.

    In capitalist America, the “free market” binds you and dictates your future.

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  • chicken@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

    In many cases, the best decision for the firm is the one that directly undermines the company it controls.

    How though? I don’t doubt this is a real thing, but there isn’t really a satisfying explanation being offered here. What the article is saying sounds like the process is, take profitable business, throw in garbage, somehow more profit. Where’s the money coming from?

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    • MacronDeezNuts@beehaw.org ⁨1⁩ ⁨day⁩ ago

      Look up private equity and corporate raids.

      Short version - Layoffs increase short term profits, then you let the business die to sell off the assets. This is generally considered a safer strategy than long term investing because it doesn’t require expertise and you get paid quicker (compared to buying a company and waiting 5+ years to turn a profit on the purchase).

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      • chicken@lemmy.dbzer0.com ⁨17⁩ ⁨hours⁩ ago

        I have read some articles about this, and I can see how it makes sense in some contexts. Like iirc when this happened to Red Lobster, they were able to make money through a combination of ripping off a certain group of investors, and the significant value of the company’s real estate holdings. That makes sense.

        In the case of online magazine equivalents though I really don’t get it. What is there to sell off? Shouldn’t any potential long term profits be priced in at the point they get bought out? If the company has tangible assets like offices, couldn’t they just sell those without firing anyone and have people work from home? The intangible assets are all directly tied to the publication’s reputation and audience, which seems like it would die off fast without anything worthwhile on the site.

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  • doeinthewoods@lemmy.zip ⁨1⁩ ⁨day⁩ ago

    More like there’s more weird blogs than ever but not interest in any to really become famous at least for some day time talk shows to joke about (another format that’s now in an ocean of content rather than a pond).

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