Honestly a lot of the defenses of Cohost's decisions are from people comparing Cohost to Twitter or Tumblr. "They're just three (and/or four) people!" is in contrast to these major corporations.
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@Maverynthia they're all co-owners, they're a for profit LLC masquerading as a not for profit co-op (their company site still lists them as not for profit even though they've never had this designation and can't even register as one in the state they're registered in apparently, not all states have not-for-profits)
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That's interesting. Thanks for the info.
(I thought all states had NFPs due to churches and all that. Guess not... :dragnmlem: )
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@Maverynthia I THINK churches tend to be non profits and not not for profits (extremely confusing sentences) but I'm not 100% sure
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@Maverynthia although cohost has at different times claimed to be either one of these lol. They have talked about registering as a non profit before but it's just talk, they can't afford the overhead and don't meet the requirements anyway. They don't meet the requirements of a not for profit in most states either as far as I can tell.
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@lori @Maverynthia how is that site still online honestly
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@kestral @Maverynthia seeded its beta period with friends and family, they spread the good word and stick to it, and dominate the site culture because they were already a built in social circle with some notable names and discoverability isn't as big of a problem for them as it is for new unrelated users.
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@Maverynthia @kestral yes Twitter did too, they actually always look better off than they are financially in the summers because they have the spike of yearly renewals when the site launched (very end of June so most of these are in July) and then I think October was when Twitter drove a bunch of people off, so they had yearly renewals from that period too...and since they're yearly renewals and not monthly it makes the net income look really big. But they don't see those peoples money again for a year and the people renewing is a dwindling number.
Their spike for Tumblr exodus is November I think, we'll see if they make it that far.
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@Maverynthia @kestral (and worth noting that even with these big spikes of once a year money they STILL manage to be in the red)
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@lori @Maverynthia I loved the idea and was a plus subscriber once, but I couldn't get past the ethics/optics of a for-profit company claiming to be a non-for-profit.
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