this post was submitted on 22 Nov 2024
615 points (99.4% liked)

Technology

59581 readers
3086 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 43 points 1 day ago (2 children)

At 50$ a pop it's 40 000 000$ Grifters gonna grift ! Sometimes I hate that I have morals stopping me from exploiting those morons.

[–] [email protected] 2 points 6 hours ago

it's closer to 100k, and it's 50$/month so totals closer to 5M/month

[–] thatKamGuy 14 points 1 day ago

It’s worse than you think; it’s $50/month!

Now part of the problem is we don’t know the average membership length, and it’s further complicated by the fact that the Tate brothers ran the ‘school’ like a pyramid scheme where enrolling another member earned you a kick-back (which is why so many random channels popped up a few years back sharing clips).

So pulling random numbers out of my arse, if the average membership period was ~6 months and they had ~30% operating expenses (servers, bandwidth, kickbacks etc.) they could have netted ~$168m from this scheme.

I too, share your self-loathing in my morals preventing me from exploiting these absolute morons.