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My thoughts are similar - they dont have one united vision about who they are, but they do have several successful internet properties - finance, sport, tumblr, flickr and more. It seems clear now that marissa is not capable to completely transform the company, but by doing incremental optimalization they can do just fine over time.

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Flickr was incredibly successful at one point, but it has been slowly dying for years. I used to pay for Pro features there but one day they emailed saying that free accounts were now good enough. So revenue must be reduced since then. And what replaced it is a bunch of porn collectors. Ten years ago there was a community of photographers there. Now the only "likes" I get are on a couple pictures that happen to have nudity or a girl in handcuffs (actual police handcuffs, now reimagined as kink). Most of the people who try to follow me there don't even share a single photo themselves...they use Flickr to catalogue their fetishes.

This thread has hundreds of comments and only two people mentioned Flickr. I guess that tells you how much currency it has.

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