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Joseph Conner Micallef's avatar

Bluesky seems like it is running into the endless problem of people being wildly ignorant about internet hosting costs. Comes up a lot in streaming where people just kinda assume Youtube and Twitch are profitable when the reality is probably closer to "oh god please papa Google/Amazon give us money". That website has to be SO expensive and the combination of SO expensive and very little revenue is a great way to eventually need to sell to someone who is willing to either run it as a dumb vanity project, monetize it hyper-aggressively, or strip mine it.

Rudy Salo's avatar

Kudos on the success of the article!

I’m a finance lawyer with decades of experience with higher ed (and other non profit and gov) debt. Having worked on a near bankruptcy/workout for a failing small LA college and its subsequent merger into a larger university, I can confirm that the Age of Conquest is absolutely happening.

There are so many factors, as the Age of Conquest points out, but not many folks talk about debt. As a municipal bond lawyer, I could talk some ears off about it.

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