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It was inevitable. It seems like dribbble became linkedin for designers.

do you know what led to their downfall? they are part of a public company now and their revenues look flat

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I don't know exactly, but I can easily imagine a holding company squeezing too much juice from a consumer-social product. Money grabs that compete with the social experience will snuff it out eventually.

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it has always been, or did I miss something?

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