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Story about Beetalk by SEA group, which is a social networking app. BeeTalk amassed over 10 million users regionally in four months with a massive marketing push. That said, they felt that it didn't take off and canned the project eventually.

Bitcoin Maxi | Hypemaster at /jamfrens | Builder at /base-sg | Organizer of /farconasia

The parent group is SEA Group which at the peak, was a $200 billion company, so no, they didn’t run out of money. With 10 million users, they felt they didn’t shake the position of apps like LINE, KAKAO, in target countries so more investments didn’t make sense. It begs the question, has Farcaster shaken position of Twitter and others? Does it make sense to keep pouring in resources and why?

So their  goal was to get XX million more by the same time with the same budget then?

It wasn’t so much about number of users, they just felt the users are still defaulting to existing apps for social, and didn’t see how they can be displaced. Ie; the default app to fire up is LINE in Thailand, and not BEETALK even with 10 mil users onboarded.