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Nick Confrey - Seam: The evolution of social media - ep 142

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CHAPTER

Web3 and the Ad-Driven Business Model

I did not want social history forever online to be scrapeable by everybody. I think there's a lot of negative ramifications in putting all of that data on Jane. Average revenue per user in the last financial quarter for Reddit was 49 cents. So if you're thinking about Web3 social with advertising and then giving some of that advertising money back to users, I think that's sort of a non-starter just from economics.

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