Pebble is a micro-blogging startup that was launched in 2022 as an alternative to Twitter (now called X). Pebble aimed to provide a platform for users to share their thoughts and opinions in short posts. Pebble also offered features such as tipping, subscriptions, and NFTs to reward creators and users.
Why did Pebble fail?
Pebble announced that it is shutting down its service and returning some of the funds to its investors. The reason for the closure is that Pebble did not grow fast enough to attract more users and investors. Pebble faced stiff competition from other platforms such as X, Instagram’s Threads, Mastodon, and Jack Dorsey-backed Bluesky.
How many users did Pebble have?
Pebble claimed that it had 20,000 registered users and 3,000 daily active users. However, these numbers were not enough to sustain the business and convince investors of a breakout. Pebble also struggled to differentiate itself from other platforms and offer a unique value proposition.
What will happen to Pebble’s users and content?
Pebble said that it will not direct its users back to X or any other social network. Instead, it will give them the option of exporting their Pebble posts as a zip file. Pebble also said that it will delete all the user data from its servers after the shutdown.
What are the implications of Pebble’s shutdown?
Pebble’s shutdown is a reminder of the challenges and risks involved in creating and running a social media platform. It also shows the dominance of X in the micro-blogging space, which has over 500 million posts per day and has paid nearly $20 million to creators so far. X is expected to be profitable by early 2024 and may have 200-250 million daily active users.