CNN BUSINESS - Apr 9 - Trump is reportedly planning to launch a social media platform. Last year TikTok hit the 100m user mark in the U.S. Clubhouse, Gab and Parler emerged. Early social networks like Facebook and Twitter enjoyed a distinct advantage: They were early movers. Today, advances in tech have made it trivial to establish a website and build social functionality: (Heroku on Amazon, or Microsoft Azure with code from Github). A barebones copycat of Facebook might cost $25k, but bandwidth and storage costs could quickly spiral out of control. If you ended up with tens of millions of engaged users, costs could be a $1m/mo. An even bigger challenge is figuring out what product to offer and USPs. A lot of the first invites to Clubhouse, similar to LinkedIn, went to VCs and founders. Everyone wants to join the network where the investors are. Then there's still the question of profitability.
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It's Never Been Easier to Start a Social Network. Succeeding Is Another Story
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