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"We have to throw away the entire business and product and rebuild it in a model where our old thing is impossible" is a tough sell to a boardroom, obviously.
I mean, there is a model that works, it's Discord. Small self-associating groups from various parts of our lives. TBH that's so far ahead of facebook - humans draw meaning from being in groups where there groups are small enough to know and have repeat interactions with people. Facebook is an ocean and it's unstructured (Google Plus or whatever had user grouping, which was an advancement imo - you can say "that's a work person" and interact with them in certain ways) unless you go out of your way to set it up like that. Discord really just works amazingly well for that, I have tons of hobby groups and game groups where I've known people for a super long time and friend groups from whatever community.
Mastodon basically is (or could be) that as a protocol, if you want to treat it like that. Dress it up in a discord-like client and get it onto phones/etc and make the user-story good. People already show they'll pay to self-host discord servers etc, so come up with a cool "Algo" style ansible deployment thingy that makes it super simple, just fires up a server on an AWS account for you and gives you a link you can send to your friends etc. Congrats, you are now the Underwater Basketweaving Enthusiasts Discord Server. And as a user, just join the discords you like.
https://github.com/trailofbits/algo
What exactly does Twitter do in this business model, though, lol? And how do you get there?
Not that I personally disagree that revenue source is a good metric, but that's not the consensus.
Facebook and Google are generally considered tech companies.
https://duckduckgo.com/?q=google+facebook+tech+companies&t=o...
And of course the current attempt is to not have advertising be the primary income source.
Or you can use one of the many Nitter instances https://github.com/zedeus/nitter/wiki/Instances
I assure you that HN has at least as many comments (probably far more) dissing VCs and plutocrats.
Your comment is a classic case of the notice-dislike bias: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que.... We're far more likely to notice the shit we dislike.