So Dalton posted a blog on the State of App.net and had good news and bad news. Its clear as day, there was ONLY bad news.
http://blog.app.net/2014/05/06/app-net-state-of-the-union/
Good news:
The good news is that the renewal rate was high enough for App.net to be profitable and self-sustaining on a forward basis.
This is what the Valley called Ramen profitability.
Basically they barely made enough to pay the hosting bills. And yet Dalton was ballsy enough to say: “App.net will continue to operate normally on an indefinite basis.” NORMALLY indefinite implies for the forseeable future. In this case, indefinite is a spin for “until the next subscription cycle”.
Next startup to watch for is PostHaven. Another “we’ll just make enough to to run forever” business.