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| I broke the news in a post on Friday. |
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ost.news is a social media platform whose aim is to create a world where real people are there, real news is there, and people post real news on this platform, using things like microblogging on this site. Noam Bardin may consider making Twitter an alternative after Elon Musk's.
But now there is news that Post.news will be shutting down. Founder Noam Bardin previously served as CEO of Waze, the popular community-driven navigation app. I broke the news in a post on Friday.
He said, "I share this sad news with you; we will be shutting down Post News within the next few weeks." He says shunting down is because "our service is not growing fast enough to become a real business or a significant platform."
The platform was financially backed by prominent investors, including Andreessen Horowitz and tech commentator Scott Galloway. However, the exact amount of funding raised by Post was kept a secret from the public. Notably, Silicon Valley journalist Kara Swisher served as an adviser to the company.
Postnews has gained a good following of users who watch real news. The post-news team put its best effort behind post-news. Although the idea was good, Busnise and Real Think go together, but where money is scarce, Real Think is not valuable.
In conclusion, Post's shutdown highlights the difficulties faced by new entrants in the social media space and serves as a reminder that even innovative ideas backed by prominent investors can struggle to find success in a competitive market.
