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What's Happened Since Time Dropped Its Paywall 1 Year Ago (www.adweek.com)

submitted 4 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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Time removed its paywall in June 2023, resulting in a rise in advertising revenue but a loss of digital subscribers, with traffic remaining relatively flat.
The decision was influenced by broader industry trends and the publisher's focus on working with advertisers and leveraging its brand equity in other ventures.
Time aims to achieve profitability by expanding its direct advertising and sponsorship business, growing its global events slate, and exploring new ventures like connected television.

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[–] XeroxCool@lemmy.world 12 points 4 months ago (2 children)

Do you know what halving means? It's not a stock split and it's not a value halving.

[–] stonerboner@lemmynsfw.com 9 points 4 months ago (1 children)

Ah, so the people creating essentially get paid half for the same amount of work. That’s WAY better lol. Yeah, I’m not super into knowing so much about faux currency. I tend to deal with the real kind. So please pardon my mistake 🙏

[–] technocrit@lemmy.dbzer0.com -4 points 4 months ago (1 children)

Here's some more 101 info: Computers do the work, not people.

[–] stonerboner@lemmynsfw.com 3 points 4 months ago (2 children)

Oh, are you talking about the insanely high non-renewable energy used to mine coin and distribute, which is way beyond even AI?

Because I think it’s pretty evident that the coin halving heavily impacts our environment as it now takes twice as much energy to create the same value.

Actually giving a shit about the Earth 101 for ya.

[–] null@slrpnk.net -2 points 4 months ago

They said, having zero knowledge of the subject and nothing at all to back it up.

[–] postmateDumbass@lemmy.world -4 points 4 months ago (1 children)

Better crypto use the power than AI.

[–] stonerboner@lemmynsfw.com 2 points 4 months ago

Ok, techbro lmao. Crypto using more fossil fuels in 2020 than AI will three years from now is a heck of a hill to die on.

[–] buddascrayon@lemmy.world 2 points 4 months ago* (last edited 4 months ago)

LoL, no with stock splitting you get the same value only with more stocks that can go up in value eventually. This is worse cause the same amount of work*(arguably more considering how many server farms are out there mining the same coin now as opposed to back when it started)* for half the value. So, in a very real sense it does actually halve the value. And that's not even looking at the fact that crypto currency has no inherited value. It's not backed by anything but the investment of interest by crypto bros and shady groups looking to hide transactions and assets.