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E012: Twitter vs Threads, Prime Day Deal/No Deal, Definitive COGS, Margins, Profit Per Day & More

OPERATORS

CHAPTER

The Power of Network Effects on Social Media

Mike Downey: Mark Zuckerberg posted this morning, first 24 hours, they hit 30 million signups. He says it's the fastest ever do that; chat GPT took them 44 days to get to same mark. Facebook is their legacy property, like property of a billion plus users and they don't want those people signing up for threads with an Instagram account," he says. "I'm glad that we'll have the podcast and the Slack groups that people can, you know, at least find me"

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