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.
Core difference is that you subscribe to each channel individually, kinda like Patreon, instead of the Nebula model where you pay one fee and have access to every creator on 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.
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.
It's not likely to ever happen. The business model just isn't sustainable by itself. The costs are through the roof, and ads don't pay enough to pay for it and pay creators. Any competitor would be far more restricted on who and what can be uploaded.
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.
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