Didn’t want to make a new thread since it’s fairly relevant to this thread, but “well well well, how the turntables”.
Patreon CEO says the company’s generous business model is not sustainable as it sees rapid growth
So after a bit of a bumpy year with lots of high profile creators leaving the platform (Sam Harris being a big one, but also a big dip in sex work related creators), it looks like Patreon is starting to feel the VC burn.
Interesting for various reasons, but it puts a different light on the whole “middleman” brand of capitalism where (potential) bias is not only a problem, but also (overly) capitalistic sprawl too.
I haven’t followed any of the stuff about Soundcloud (I don’t really use it), but I remember a similar thread on this a while back.
Relevant (short) article:
Interesting twitter thread here too:
I didn’t really use my Patreon very much and deleted it early last year and haven’t looked back. I wonder if a more open/egalitarian alternative will pop up, but for me the big concern is that payment processors are the ones really holding the cards. I remember from the video of Jack Conte initially talking about the problem waay earlier in this thread, he cites the rules from payment processors being a big deciding factor in certain things. In that case, specifically the sex work-related bannings.
Is it even possible to have a platform that isn’t bound by the (fairly arbitrary and normatively bound) rules of payment processors? Subscribestar popped up as an alternative but was quickly shut out by Paypal (I didn’t follow this story really, but only include it as a point of reference). It’s a shame that crypto stuff has turned into wild west speculation/investment/capitalism rather than an open payment processing methodology.
Regardless of how one feels about free speech, “free speech”, sex work, etc… the fact that corporate overlords are the ones making these decisions for us is pretty scary.
In this case, it seems like capitalism is as capitalism does and Patreon is under the thumb of the problem it created for itself, so no tears shed from me, but only by the grace that it was not as greedy or effective as it wanted it be did this problem come up at all.