From an interview in the Denver Post with John Corpus, Photobucket CEO.
"There is no way to make 100 million global people happy...It wasn't an easy decision. When we look at the community we've built, which is a great community, we want to make sure we have a sustained path to profitability so that we can continue to take care of this community for years to come..."
He also claims to have seen
"our revenue double since we've launched this initiative."
It seems there are enough desperate people out there to fall for Photobucket's ransom demand. I suppose at nearly $400 a month it doesn't need that many mugs for the company to increase its revenue. Many more will have terminated their account and sought a cheaper option, and there are several. Like me they will be feeling that they've been had in a cynical manoeuvre by the company.
From the article.
"Was the customer backlash expected?
Corpus paused. For 12 seconds.
"No," he finally said."
Really?
Cheers
Steve