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> Yeah, so right now, we're burning. Which means spending more than we make. About 30 million per year more than we make.
> So, that's a lot. We can't do that forever and so that's why we're really trying to figure out things that y'all would value. Whether that's merch or upgrades or badges or gifts or Blaze or other things. Every little bit helps, so please if you really enjoy Tumblr and want it to stay a thriving service buy things, and ask your friends to buy things.
Tumblr’s monetization strategy since the Automattic acquisition has been “throw stuff at the wall and see what sticks.” Which is kind of your only option when the Tumblr user-base is actively hostile towards monetization attempts. Tumblr tried a “Tumblr Post Plus” Patreon-like subscription thing, and the creator that they enrolled in the test got so much hate they cancelled it before it fully launched. I could list the monetization strategies they’ve tried but there are too many. Merch, tipping, promoting your own posts, cosmetic check marks after your username, crabs, promoting other people’s posts, lore behind the merch store, a “Luffy” tab on the top of the page (in between “Following” and “For You”) (I think was a Netflix promo). At one point they were running ads for Tumblr on Tumblr. I should make a post describing them all.
This always seems like a really bad idea.
FWIW, the algorithms that big tech companies use are often trained to recognize women’s underwear. So non-sexual photos of trans men wearing women’s underwear are often flagged, even when similar photos of women wearing boxers are not.
I’m not saying it’s right, just giving the actual reason this happens. (Albeit I don’t have Tumblr-specific knowledge.)
This is by far the most mind-blowing thing about OnlyFans to me. I’m a very open minded person and I would have been so sure that a site like OnlyFans would absolutely require discovery. Like, so sure that if I was making it, I wouldn’t even question including it. The fact they just offloaded this to every other site, and then took all the monetization is amazing to me. Twitter, Reddit and Instagram can barely get money from these users, but they’re super popular, and they just link to their OnlyFans on their profile.
I seriously wonder what other opportunities like that are out in the wild.
In a way, OF is valuable to platforms like Twitter and Instagram, because it has monopolized a lot of the riskiest cash flow that those companies would prefer to avoid / explicitly disallow in their ToS for a “subscribe to this influencer” service.
If OF had their own discovery platform, they’d have to deal with the thorny editorial problem of ranking. In the current setup, they can totally sidestep it. It would probably cost them more to operate discovery than it’s worth.
it surprises me how instagram and twitter can get away with it but tumblr cant
It's a huge problem on Instagram too.
Twitter is different because it doesn't prohibit sexual content in the first place, unlike Facebook and Tumblr.
The path where they just left everything untouched is a path to certain failure.
the bad idea was buying tumblr. but i think automattic knew that when they bought it, and just thought it would be fun to set some money on fire for a while.
No, they did that years ago (getting on for literally 10 years ago), and that's what ultimately resulted in selling it to its current owners for like 1/1000th of what Yahoo paid for it.
"Don't remove porn when the userbase is left-leaning and embraces it."
Reddit and Twitter do it the right way: hiding adult-rated content behind the curtains.
Tumblr wasn't making money with or without porn. It was just shifting between owners who thought they'd be better at squeezing money out of it.
Trying to monetize user generated content is hard because both the users and creators believe that it's their content (which it is that's how community works) and so locking it away and taking a non-trivial cut is going to be met with insane vitriol and there's not much value to add over the base experience. Tumblr's patron thing you should of think like Hashicorp re-licensing Terraform.
And worse is that sometimes creating true value-adds naturally perverts incentives. Like for example a true value-add would be "bubble-as-a-service" because Tumblr has some really nasty subcultures which is why posters don't like when posts "break containment." It would be the easiest money ever to just pay and get a huge blocklist without having to go through the effort of making one yourself but then you kinda need those nasty communities to justify the value.
> You mention Blaze and Ad-free doing well, but their adoption is so small relative to the use of Tumblr their revenue couldn't support a fraction of the ~1,000 servers it takes to run Tumblr, much less any salaries.
That's without getting into video content.
1000 servers actually sounds surprisingly small. It was a fair bit higher than that a decade ago, and that was on bare metal then, vs (afaik) cloud VMs now. Then again, their traffic is a lot lower now, but still nothing to sneeze at.
Like Bored Crabs NFTs or restaurant supplier or health insurance or...?
Tumblr has an army of content creator that work for free. It is a site that host text and images. How they even spend 30 million per year? Maybe on organizing "stuff convention", SF real estate and so on... Cut the bloat!
I don't think they'd generate peanuts so as to not even cover hardware costs.
That is my point. I do not understand how they total costs can be over 30M. It is mostly static content that begs for CDN cache. It is also not mission critical.
It's fine to do what they want, but it's become a slightly naughtier pg-13 - I guess nc-17. So those who want naughtier are going elsewhere, and no one knows for sure what is okay and what could be okay today and get your account removed tomorrow - so why put any content into it?
When I looked for this 11 years ago, tumblr was the only platform ticking these boxes. I just wanted to share a link to photos of what we are up to with family and friends without asking them to register at another platform, and only tumblr allowed that and did not look as if it would close shop within two years.
Looked again recently and it still seems to be the only platform filling that overall „niche“. Also it has a clean and good user interface, and is customizable to the point of changing the HTML. I hope they can save or otherwise sustain it.
Other social media attempts to constantly distract and emotionalize me to keep me hooked. Looking at a good art or photography Tumblr feels like relief now honestly.
Edit for a bit of info: There is no discovery mechanism built-in and no "algorithm". The way to find more posts on a topic is to use hashtags. Everything is reverse-chronological. If someone wants their post to have broader engagement, they will post with "#The Cohost Global Feed" or some broad topic. You can go browse if you want to, but the site isn't going to push anything on you (besides following the site admins lol).
Cohost doesn't have full-text search built-in, but Google actually has it covered. https://www.google.com/search?hl=en&q=is%20piss%20a%20vegeta...
That said, I wish they featured some random pages or categories from their homepage. I'd like to see what communities already exist around the topic of my project.
Because it's a smaller community with no "algorithm" intentional discovery actually happens. I use hashtags to find stuff, and other people have found my stuff via hashtags! I only started sharing online this year and so that second bit is huge - it's night and day between twitter and cohost[1].
The site actively tries to avoid the status games that other social networks play. You can't see follower counts or like counts (including your own) and instead get notifications like "several folks liked this" (with a list of who did). There's no easy way to answer "how big is this person's following" when looking at their profile.
I think this adds up to a site that feels more like a community. Comments are typically either nice/encouraging or interesting and folks comment a lot. It's easy to find cool posts. Not having metrics is freeing. Many of the folks that post are there to share the cool things that they do.
It's not a replacement for twitter, but it's easily the site that I'm the most excited to share stuff on - especially early WIP stuff (I shared something fun last night!)
[1]I shared an early version of Flappy Dird[2] on cohost and got some real engagement and it felt great. Flappy Dird ended up doing pretty well on HN; I doubt I would have polished it as much without the early cohost support.
[2] https://eieio.games/nonsense/game-11-flappy-bird-finder/
You will have to pay for it though.
It's a free alpha. The finished product will be paid (but cheap) for those who want to post.
But it's not for porn if that's the sort of photos you want to post.
Tumblr's success was that it was an adult space that wasn't strictly pornography. It was a "cool sex" to PornHub's "hot sex".
The best bet would be the slice it originally appealed to, with its original kinds of content, in the original medium it was in.
MindGeek isn't interested in new investments allowing independent content creation.
MindGeek has been the target of active - and successful - campaigns from anti-pornography groups with explicit religious motivation (Exodus Cry, Morality in Media, etc., mostly funded by right-wing evangelicals). Those groups are the reason that Xtube shut down in 2021, and that Pornhub removed all independent content a couple of months later.
Those same groups are also behind the new "age verification" laws in a number of states, which are the reason that accessing many big-name tube websites (both from MindGeek and other properties) now requires uploading your drivers' license along with biometric face scans, even when viewed from states which don't have such laws on the books.
There's been a war on pornography on the Internet for the last several years, and the anti-pornography groups have won nearly every battle, in part because the only opposition has come from sex workers, who have very little lobbying influence. For some reason, most digital rights or general First Amendment advocacy groups have paid very little attention.
If you wrote on HN in 2017 suggesting the possibility of a total ban on pornography on the Internet within a few years, you'd have been dismissed outright. But we're actually pretty close to a de facto ban on pornography on the Internet. Very few websites still allow independent creators to upload pornography. Most of the ones that were around in 2017 either are dead, no longer allow pornography (Tumblr, Imgur), heavily restrict its visibility (Reddit), or only allow it from "verified creators", which limits it to commercial production (Pornhub).
Even self-hosting is going to become harder, as these groups are shifting their focus towards pressuring payment platforms and hosting providers to drop customers who produce sexual content.
Will pornography be literally banned on the Internet in a few years? Probably not. But will it be extremely difficult to either find or post sexual imagery or nudity within that timeframe? Probably - and so far, the anti-porn activists have actually been operating ahead of their own schedule.
I say this as someone who ran an adult website for 18 years, in Canada, until suddenly our bank informed us that they were closing our commercial accounts and we couldn't find a single other bank or credit union in this country that would take our business despite a pristine 18 year track record.
The only thing that had changed was the MindGeek scandal. Maybe the media misrepresented it, maybe the content issues were fabricated by "anti-pornography" groups. But one day everything is fine, the next day MindGeek (a Canadian company) is in the news and the next day we're shut down despite having done nothing wrong.
It's hard for me to scapegoat conservatives and anti-porn groups when they were WAY more vocal and active when I first started my business (back in 2004 this was when the George W Bush administration was prosecuting obscenity for the first time in decades, and passing USC 18 2557). By 2022 they had virtually gone away. Then MindGeek was caught allowing some some really shady shit on PornHub.
Also this was just a year or two after the Girls Do Porn scandal (Google it if you're unaware). Those girls suing those assholes for sexual abuse and contractual misrepresentation was not "anti-porn groups."
So my take, as a former business owner in the industry, was that it took a few public scandals and scares for the banks and corporate America to go "hmm... maybe we were wrong to get too liberal with this stuff." Some of that may have been fueled by the anti-porn lobby .. but if MindGeek had kept their nose clean it likely wouldn't have worked.
This itself is a misconception driven by those anti-pornography groups. MindGeek was incredibly good about removing CSAM from their platform, not just reactively but proactively. If you look at the numbers, Facebook is actually a much larger source of child sexual exploitation material than Pornhub was. However, Exodus Cry doesn't care about CSAM on Facebook, because their goal isn't to end CSAM: it's to end pornography.
> It's hard for me to scapegoat conservatives and anti-porn groups when they were WAY more vocal and active when I first started my business
Anti-porn groups are way more active today than they were in the early Bush years. The difference is that, unlike then, their campaigns aren't receiving any attention outside the business, which is part of why they're so successful: there's no real opposition.
> if MindGeek had kept their nose clean it likely wouldn't have worked.
Anti-porn groups aren't going after these companies because they have scandals. They're going after them because they oppose pornography, and it fits their agenda. If they cared about ending child exploitation, they would go after companies like Facebook - but they don't, because that doesn't accomplish their explict, stated goal of ending commercial sex work.
It's missing the point to blame MindGeek for the "scandal" when they're nowhere near the worst offender - they're just being targeted by groups who have a specific political agenda. No matter how much work MindGeek does to eliminate CSAM, anti-porn groups will claim that it's not enough. The leader of the Exodus Cry campaign has literally said that they want to make it impossible for MindGeek to operate legally.
Was there no way around it? Maybe with a shell company to hide your real business? I know it didn’t end up working out, I’m just curious if there looked to be any way out or if you really were just locked out of banking.
TL;DR to answer your question: shell company would have been our best bet, but not something we could do logistically or ethically. It would have worked but we'd live every single day knowing that at any moment we could get flagged and go through it all over again. And with a full time job outside outside of running the company part-time there was no time, money, energy or will to set up such a front and figure out legitimate business activities to cover the revenue that was coming in from adult entertainment.
> numerous
I dug into one such report that broke and apparently it was around 30 videos that they had found. When I checked Pornhub, I believe it currently had over 20,000 videos, and that was presumably after they'd been under quite a bit of scrutiny. IMO there is quite a mismatch in magnitude there.
Of course, there probably were other illicit videos, but there is no reason, in my opinion, to suggest that Pornhub had an unusually large problem. Unfortunately though, a lot of the videos like this that wind up undetected likely have been spreading through the Internet for several years going unnoticed simply because it doesn't look particularly different from any other pornography. As it turns out, at least certainly late teens look a lot like young adults.
This does create an unfortunate conundrum for anyone allowing user generated content that is pornographic. Even ignoring explicit abuse, teens are relentlessly horny and will upload inappropriate things to the Internet, or even try to sell it. Seriously short-sighted behavior, but you know... they're teenagers. We've all been there. It's not some alien condition.
I understand that people have extremely strong emotions about this and want a zero-tolerance stance, but it's not possible. If you allow adult content, you inevitably get some ideally-infinitesimal trickle of illicit content, probably often strictly by accident. Best you can do is try to find it and clean it up as effectively as possible.
I fully understand why it's treated like toxic waste, and I'm not trying to justify it, but no matter how despicable the crime is, you can't fully eliminate crime, it doesn't work that way. I think keeping "legitimate" pornography sites like Pornhub was actually likely slowing the amount of said toxic waste because Pornhub actually did moderate, clearly, whereas the back alleys that people are likely to fall back to are going to simply be less well-moderated by their nature. At the end of the day, most social media platforms proliferate a lot more CSAM than Pornhub has even if you estimate very generously.
In the Omegle shutdown letter, the founder notes that Omegle's content moderation resulted in some criminals going to prison. Pornhub's moderation has undoubtedly done the same.
How many videos or images of child exploitation are required before it becomes an "unusually large problem" ?
Again, as someone who worked in the industry, I can't even begin to tell you how fucking paranoid and diligent we were about that. One single instance would have been enough to shut us down and possibly land us in jail. Not to mention the ethics of it which are paramount! This was to the extent where I was never even comfortable with the concept of user-provided / generated content being hosted and distributed on/by my web servers at all.
PornHub played with fire. They didn't just burn themselves, they burned all of us.
It would have only taken ONE instance! Two becomes "numerous" by definition. But one would have been enough.
I actually can't believe that you're trying to downplay the severity of what was at stake. I'm not typically one to be all "think of the children", but this is that one case where it really is literally that and most people don't find the level of diligence that I'm describing as being at all unreasonable.
I mean you're basically saying "they only murdered like 3 people ... and were pretty good about making sure they didn't murder more... hardly 'numerous.'" And if you don't think that child sexual exploitation is on a similar level in terms of severity of the crime then I don't want to know you.
This is absolutely insane logic. Pornhub didn't commit the crime. Did you know murder happens every day? A lot more than three times.
Perfect moderation is impossible. You're saying that they would have to have a success rate of 99.99+% at catching this, when again, it can be nearly impossible to actually tell just by looking.
What exactly do you expect them to have done? What exactly do you think Twitter does?
Are you really suggesting that because this stuff exists and is impossible to prevent with 100% success, no website should ever allow user generated pornographic content without having some rigorous and highly invasive process for validating each video's provenance? (Not that it matters: doing this kind of thing will just make backchannels the defacto channels. Not a good outcome for improving enforcement overall.)
(Come to think of it, if this is the actual logic of someone who worked in the adult entertainment industry, then I no longer have any difficulty understanding how dystopian chat/encryption/social media legislation manages to continue to be proposed and sometimes even become law.)
This is a common talking point here, but it just isn't historically accurate in terms of absolute numbers.
Tumblr was most successful in 2011-2012. It started getting huge in 2010 in large part due to having built-in photo and video support, at a time when Twitter didn't have these, and Instagram and Pinterest were still both tiny. Tumblr also offered built-in reblog functionality before Twitter had built-in retweeting.
For a little while there, Tumblr was a mainstream social network -- certainly a bit edgier and more liberal than most competitors, but still mainstream enough that many major brands had a Tumblr presence right alongside their Facebook and Twitter icons. Adult content was definitely present, but it was a single-digit percentage of posts at the time of Tumblr's peak historical traffic levels.
A lot of those mainstream users started to decamp to Instagram and Pinterest after that point, depending on their personal use-case.
That adult content percentage definitely rose over time, but timing-wise that coincided with total traffic decreasing, not increasing. It also scared off the brands, whose advertising dollars were sorely needed to achieve sustainability for the business. So to me, attempting to attribute Tumblr's "success" to adult content just seems way off-base.
Source: I was personally responsible for a decent chunk of Tumblr's scalability and capacity planning for several years.
> Adult content was definitely present, but it was a single-digit percentage of posts at the time of Tumblr's peak historical traffic levels.
Single-digit percentage is a lot for adult content. I have to imagine that's a larger share of percentage than Twitter has ever had for adult content.
Twitter didn't even have built-in photo posts until mid 2011, and even then it was through a third-party integration with Photobucket for the first year. Images weren't shown inline in the Twitter timeline feed until late 2013! Meanwhile direct video upload was added even later than that.
On the web, similar situation for DeviantArt and a lot of other sites.
> DeviantArt
Of course it's complicated. DeviantArt never really allowed pornographic content, but obviously it wound up with a lot of fetish content that blurred the lines regardless. DeviantArt is basically a case study all on its own.
I don't think its simply the existence of NSFW content that makes advertisers wary. I think its lack of guarantees w/r/t placement
Key part:
>> "I'm advocating for this change because I think it has a good chance at success. I don't do anything hoping to fail. There are lots of examples of products with hundreds of millions more MAUs and smaller teams than Tumblr currently has, and there are amazing examples like OpenAI and Telegram running circles around much bigger players with small teams. That's what we hope to replicate."
So it sounds like he hasn't given up on Tumblr.
I wonder if it will get sold again?
I wish it hadn't been cleansed. Reddit just ploughed through all the objections to their adult content and came out the other side unharmed. Tumblr could have done the same.
Additionally, metadata such as browser history can reasonably be considered a secret: TLS helps protect that somewhat.
I wish this meme would die.
Integrity is still important for non-secret data.
Confidentiality is important for data which may be considered secret in some contexts but not others.
Common Name (CN) \*.reddit.com
Organization (O) REDDIT, INC.
Organizational Unit (OU) <Not Part Of Certificate>
Issued On Thursday, August 31, 2023 at 8:00:00 PM
Expires On Wednesday, February 28, 2024 at 6:59:59 PMReddit's currently working on a UI/UX update for moderators on new.reddit (or newnew reddit as I like to call it since it's technically a second redesign) with an ETA of early 2024 [1]. According to them last year, 4% of users use old.reddit but carry out 60% of all moderating actions [2].
My guess is once that rolls out, they'll be ready to retire old.reddit.
The UI will live on though. There's mlmym [3] that allows you to use the interface on Lemmy. The instance of Lemmy I use has it on https://old.lemmy.world
[1] https://old.reddit.com/r/modnews/comments/15rxkbn/announcing...
[2] https://old.reddit.com/r/reddit/comments/v3frc1/what_were_wo...
Not without being removed from the iOS app store. Apple played their hand.
It was also one of the walled gardens, even if it always felt more open than the rest, but the web continues to weaken as content creation and delivery continues to be consolidated in the exploitative platforms of Meta, TikTok, and now to a smaller degree, X, with their recommendation algorithms fine tuned to make you an addict to parasocial relationships and negative emotions.
- Twitter: halved in value in 1 year
- Tumblr
- Reddit: stated it wasn't doing well when it increased the API price
- YouTube: seems to not be doing well because it's trying to push adds and increasing YouTube premium
- Threads: I doubt this is generating profit, because I see multiple posts about how this "failed" and this is the first threads post I've seen posted somewhere else. Maybe I'm wrong though
- Mastodon & rest of the Fediverse: not very mainstream, but funding seems to be a common issue among communities, and this is with the relatively small userbase
- Stack Overflow and Quora: they've both done layoffs recently, and I've heard they're also faring poorly, but I don't have much information
- Bluesky, the audio-only one I forgot it's name: these certainly aren't making money
The ones which are doing well:
- Facebook: seemingly generating a lot of revenue because of ads and data collection
- Instagram: same as Facebook
- TikTok: probably because China pays well do to all of the information they get
- Discord: I haven't heard anything about them losing money, and they don't really push ads. Maybe because a lot of people pay for Discord nitro, or people pay for the servers?
- Slack & Teams: I also haven't heard anything, but I doubt they are losing money because companies pay for these
- Tinder: not really a social media but they're probably making money from people who pay a lot for premium
- Hacker News: Because it's cheap to run being text-only and brings publicity to YCombinator and their companies, I'm sure this is considered a financially good investment. But even then, it doesn't generate any revenue on its own
And ones I don't know:
- Twitch: seemed to have issues with money but idk, they have a lot of deals and sponsorships
Of course starting a small social media is always a bad investment, because it's very hard to get popular. But it looks like even the popular social medias are burning through cash reserves.
It is not "social media" that is the problem is the Ad Supported business model in general, everything ad supported is having problems right now, look at "news", blog sites, etc
If it is ad support is has issue turning a profit.
That is because ad supported is a terrible business model, however investors keep trying it for some reasons... it is like socialism, this time it will work .. we just have to "do it right"
nope. ad supported will never work. google is the closest by control everything from the browser up, but as we see with YT they still struggle
Twitter seems to be trying to get people to pay, and it isn't going well for them.
No, in today's world in order to make a "profitable" social media, you have to get people to pay through other means. Like news.ycombinator.com, forum.bodybuilding.com, https://forums.tomshardware.com/, and other forums do by promoting the main site (ycombinator.com, bodybuilding.com, https://tomshardware.com/). The forums definitely help the main site so they are a net positive to run, but you don't pay by using them directly.
Alternatively, if you don't care about making huge profits, there are a lot of social medias out there which seem to run on donations and volunteer work alone. 4chan, letsrun.com, lemmy.world and mastadon.world, and (although they're invite-only) tildes.net and lobste.rs, don't seem to have an income source besides (at most) banner ads and a merch store.
Forums can be very cheap to run, especially if they're text-only: I imagine you can run a site with ~1 million daily users on <$100/mo, a few admins who work after their day job, and an army of volunteer moderators.
I think the issue is that we're worse than ever at finding good spaces for discussion.
I would love to see your source for that? To my understanding since twitter is private now no one has any idea what their costs structure or revenue is currently and are taking huge assumptions that they have issues because of events like them not paying rent etc. But some of that is common tactics to force people to negotiate.
I am not saying they are doing well, but currently I have no evidence in either direction
>>you have to get people to pay through other means.
Which ironically is twitter/x over all goal I believe, to not just be Social media but to bring in some of the original idea's that first made Elon rich... Paypal. Money Exchange, ecommmerce, now AI, etc etc etc.
To be more than just social media.
https://www.reuters.com/breakingviews/xs-rock-bottom-leaves-...
Perhaps (probably) Twitter was overvalued, perhaps they're lying, but there's no evidence suggesting that Twitter is doing better than it was before and a lot of evidence suggesting otherwise.
That being said, I do think Elon's other bad decisions and press have caused the greater share of loss, and maybe charging users is getting some of that back. And one of Elon's goals, having people pay for content creators and services, isn't necessarily a bad idea; it's just that right now most people go out of their way not to.
So in attention economy the ultimate winners aren't advertisers or advertii but the ad brokers.
> 139 employees working on product and marketing
$216,000 loss per employee per year? Ouch.
Root paths route to usernames:
- https://twitter.com/username
- https://www.instagram.com/username
Sigil-scoped paths for usernames (these also use www-prefix):
- https://www.threads.net/@username
- https://www.youtube.com/@username
Path-scoped usernames:
- https://www.reddit.com/user/username
- https://www.reddit.com/u/username (redirect)
- https://bsky.app/profile/username.bsky.social
There's obviously an engineering cost to having usernames at the root, but does that make sharing easier?
Which would you use if you were starting a new app?
Is the first option strictly better for growth? Are the technical caveats not worth it?
It was an earnest question. I'm trying to figure it out for my own startup.
Perhaps a tangent too far?
Does $30 Million a year spend rate seem typical for their size? I'm assuming a large part of that is the salaries for 139 people.
to me, 'early days' means 1995-2005
Admittedly cynical take, but please don’t let anybody mess up Pocket Casts. That app is near perfection and has been criminally underrated for far too long.
No new features, new features are for closers.
Crypto had a great exemplary quote a while ago from poop face bros: "Obviously the crypto market did not live up to its lofty ambitions, so we're leaving."
Maybe if they had realistic goals that weren't just "try to make more money than ever before" they could have kept going at least somewhat...
But Tumblr users are very hostile against, really, any changes to how Tumblr operates. It just alienated a lot of us, which isn't going to help them in terms of profit.
What would a service like Tumblr look like if things just got deleted after 90 days, or a year? What would your server costs look like then? How much traffic do ancient posts actually garner, in aggregate? Could you monetize permanence (only pro users data is kept for longer than a year)?
I know it’s cool to bags on teenage girl tastes but in reality it’s not very accurate. The youth demographic is one of the most important for many consumer businesses.
See what this act is about: https://ia.net/topics/unraveling-the-digital-markets-act
Sorry, but you can't say you weren't warned. We're seeing the same thing happen with AI now.