Medium, Soundcloud and ultimately Twitter are – like the railways – worth saving even if they cannot be run at a profit.
I’m not sure about Medium and SoundCloud, but I often wonder what would happen if Twitter was to threaten that it was closing down. Ideally, a non-profit would step-in and run it as a public service. There’s no doubt that it would be expensive to run, but governments have been known to waste money on more frivolous projects.
Anyhow, it’s an enjoyable read, if only for this accurate remark of the big social media sites:
The sharing capacities of the internet are being overwhelmed by the profit models of large corporations. The tsunami of crap, fake news, celebrity gossip and plastic music that has taken over social media is killing it – or rather killing the spirit in which it flowered six or seven years ago.
Sad, but true.