this post was submitted on 27 Oct 2023
692 points (86.1% liked)

Technology

59673 readers
2917 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

you are viewing a single comment's thread
view the rest of the comments
[–] dojan@lemmy.world 33 points 1 year ago* (last edited 1 year ago) (1 children)

The thing about these everything apps is that they filled a niche in the markets they've succeeded in. As far as I know, and I could be wrong, Google doesn't operate their Play services or Google Pay in China, meaning there was a vacuum for something else to fill it. WeChat and AliPay has done that.

It'd take a LOT of effort to build a platform like Paytm for the U.S., nevermind other markets. You can't just buy a microblogging platform and magically redevelop it into something like Paytm. He'd need to partner with other businesses and whatnot, and I just don't see there being any sort of interest in that kind of partnership.

There's been attempts to build these sorts of "everything apps" before. Facebook has tried and failed. I think Snapchat has tried it. Apps here in the west tend to focus on doing a single or a handful of tasks really well. If an app ends up doing too much, it's often split into several apps.

[–] PumpkinEscobar@lemmy.world 6 points 1 year ago (1 children)

Yeah, I have trouble imagining this working in the US, even if Musk hadn't spent a year flushing his cash and credibility down the drain.

[–] dojan@lemmy.world 11 points 1 year ago* (last edited 1 year ago) (1 children)

I don't see it working in Sweden either.

  1. We have apps for identifying ourselves digitally, most popular being BankID, but there are alternatives like Freja E-ID and various others.
  2. We have apps for easy money transfers, Swish being the most prominent, and it can be used to pay in stores and such as well.
  3. We have apps that combine economy management and shopping, I've no idea how popular they are, but Klarna comes to mind.

Amazon launched here a couple of years ago, and I think they've clawed out a niche in the market shockingly, but they're not the "go to marketplace" for everything. If I want to buy electronics there's like at least half a dozen online (that often have physical locations) stores I'd go to first. Same thing for larger appliances, clothes, make-up/beauty/skin-hair-care, shoes, sporting goods, furniture. Amazon is mostly for like weird niche stuff, like it's the only place I could find a detergent that's designed for robot mops that doesn't contain tea-tree oil. Amazon is also a decent place to find mass-produced cheap garbage tat, like LED string lights and what have you.

They also make use of the same delivery services that all other stores do, so there's no point in using them if you want speedy deliveries. I also don't feel safe as a buyer when using Amazon because while I'm sure they have to be compliant with Swedish consumer laws, I'm also positive they'll make the experience as tricky to navigate as possible. If I buy a motherboard from say Inet, and it breaks, I can just send an email to Jonas at Inet and they'll sort it out. Nothing will be that straight-forward with Amazon.

Anyway, the point of that massive segue is; if a MASSIVE specialised company like Amazon has failed to fully establish themselves in their own niche here in Sweden, how on earth would a broken microblogging platform manage to "out-compete" other, trusted, and established services?

Musk is aiming to use twitter for a niche that doesn't exist. Literally the only demand for this dream platform of his, is himself.

[–] Hamartiogonic@sopuli.xyz 4 points 1 year ago

Speaking of buying weird niche items from Amazon: I’ve ordered spare parts and other weird and obscure electronics from Amazon so many times that now they think I’m a company and that I should have a company account.

How did this happen? If I want to buy normal stuff, I’ll walk to a normal store and buy it there. If I need something a bit more special, I’ll probably find it somewhere within a 2000 km radius. If nobody sells what I need, I’ll try Amazon. That’s why my shopping history looks like I’m running some special company.