Floatplane is now below 37000 subscribers.
Floatplane is now below 37000 subscribers.
They have approximately now lost over 5000 subscribers which equates to about $25000 per month or $300000 per year in lost revenue.
Maybe that extra $400 time investment wouldn't have been such a bad idea after all
This is the issue every first world manager makes time and time again. They make greedy little shyster decisions to save a penny here or save face there and then it ends up costing them hundreds of times what it would have cost to just be ethical and decent in the beginning. It's incredible really what letting the entire world be run by business degree graduates will create in terms of the corporate landscape.
Stepping over dollars to pick up pennies.
Honestly, that bit now seems kinda small compared to what’s happened with the sexual harassment allegations.
It’s gone from YouTube drama because the channel’s a mess, to an actual scandal which paints the entire company as toxic.
As a bystander just here for the popcorn and drama, would someone mind explaining what Floatplane is and how it pertains to LTT and LMG?
It's like a subscription based YouTube replacement. Like nebula or something. But mostly it's just LTT that has content there.
Floatplane is the video hosting service that they created and own. Instead of being ad supported it requires a monthly fee for each content creator on it (in the vein of only fans or patreon). So a loss of subs is a direct loss of monthly income for LTT.
Looks like their attempt at a video streaming app, separate from youtube.
I believe it’s their website/platform, where they post exclusive content that only subscribers can view
It's like Nebula. LMG owns it, and gets a shit ton of revenue from it's subscription based service
I hate Floatplane being tied to LMG right now. The concept of floatplane is great and a competitor to YouTube is much needed
I've been enjoying Nebula as a creator-owned YouTube alternative. I don't like all the creators there (a bit too "BreadTube" for my tastes), but there are plenty of creators that I do like. They have some decent bundles too.
Yea YouTube desperately needs some legitimate competition
I suspect that if this destroys the company, Linus will turn into one of those raging conspiratorial lunatics who blames society for his failures. I always thought he was a level headed dude, but some of the stuff coming makes me think he's more of a Scott Adams type deep down.
Given how much of his investment has gone into creating LMG, Floatplane, etc, I can certainly see that happening. Even the most level headed person in the world will have a point in which a switch in their minds would flip.
I know a few people who were never the same after the dot-com crash, and most recently with the crypto crash. Such a loss (whether of their own making or external impact) will cause even the most sane person to be delusional and senile.
I'm willing to put money that if LMG goes to the ground, we will see a person potentially beyond repair, possibly with a destroyed family, given that it's both him and his wife as the primary investors. I really hope their kids come out unaffected.
It's just sad all around.
Cancelled mine and deleted my account.
"i couldnt justify the $500 in people's time to reshoot the review" - linus sexual harassment tips
So, should they rebrand to Sinkplane?
That's a nice joke that deservers more, but at this point I'm sad for Luke.
To be honest, based on what I've seen from floatplane subscriber comments its people leaving because of the content pause.
Any negative comment is immediately disliked to oblivion
I.e.:
Vs
I feel these graphs tell a different story:
IMHO The people who really cared have left, the one who are on the verge are mainly waiting and the one actively participating with votes are the core fans.
The source is Reddit from user nicePenguin, here's an archived version (Link), they put up a site too at http://fp-stats.buzz , I'm not sure about the overall accuracy, but it doesn't seem wrong at first glance.
Yeah thats a good point, to be honest it looks like its mostly levelled off and they haven't lost more than the people who joined after feeling bad for them bc of the hack.
Personally, I'd be willing to bet most of the people they lost are the ones who most recently joined if their only reason for joining was feeling bad for them? Therefore not the hardcore stans
Well floatplane is where the hardcore stans lives... The chamber doesn't just echo there, it reverbs.
How does 5k subs equate to 25k revenue a month? I know quite a few YouTubers with more than that and they only make a few hundred a month.
It must cost 5 dollars a month to be a member.
/c/theydidthemath
It's not just ad-based revenue they're losing. It's a monthly subscription people are cancelling.
Those are floatplane subs not YouTube subs
Subs on Floatplane pay money monthly like Onlyfans or Patreon. Subs on youtube don't pay money.
What's the updated figure?
There is a live counter
Ouch