I assume it is because of Reddit. It is quite easy for someone to point at Reddit and say that there are potential users there. While that is true, someone looking to start up a video hosting site can say the same thing about YouTube. But traffic creates traffic, and no matter how many Vimeos and Voats there are, the large sites are going to dominate everything until they implode and scatter users elsewhere.
11 million is ridiculous. One of Voat's problems is they kind of assumed that the influxes would keep happening until Reddit's userbase was drained, but that wasn't the case. I would be very nervous if Phuks attracted investment like that.
I assume it is because of Reddit. It is quite easy for someone to point at Reddit and say that there are potential users there. While that is true, someone looking to start up a video hosting site can say the same thing about YouTube. But traffic creates traffic, and no matter how many Vimeos and Voats there are, the large sites are going to dominate everything until they implode and scatter users elsewhere.
11 million is ridiculous. One of Voat's problems is they kind of assumed that the influxes would keep happening until Reddit's userbase was drained, but that wasn't the case. I would be very nervous if Phuks attracted investment like that.
The weird part is they apparently had 11 million USD in funding. I wonder what is happening to that money.