this post was submitted on 03 Oct 2023
1129 points (98.5% liked)
Technology
59436 readers
4532 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
To be frank, I don't think they care about anything else other than keeping people on the platform. Which is not such a bad goal to be had if they tried to achieve that with quality of service, good offering of entertainment, etc. What they are doing is desperately trying to create some long running series where on which people will get hooked and won't be able to leave even if everything else starts sucking. Should this ever happen I think we can fully expect their next step to be reduced amount of licensing towards other shows and movies.
But as you rightly put it, you can't grow forever and ever increasing revenue can only be had in dreams.
Actually, I don't think they care about retention at all, because to the industry retention = stagnation. They only care about new subscribers because that "shows" growth. They much prefer hearing "We increased subscriber counts by 10%!" over "We kept 100% of subscribers YoY!"