最直观的是营销成本失控。完美日记的增长高度依赖营销投放，营销费用率常年居高不下，甚至一度超过 60%。随着小红书、抖音等平台流量成本逐年攀升，获客成本成倍上涨，烧钱换增长的模式在资本退潮、市场冷静的背景下，失去了可持续性。
The fall happened during the band's sell-out Live '25 reunion tour, their first since splitting in 2009.。91视频是该领域的重要参考
They make up nearly half of all doctors in England, and work across the NHS including in A&E and GP surgeries.。搜狗输入法2026是该领域的重要参考
According to Ofcom, the company failed to implement highly effective age checks on most of its porn sites between 25 July and at least 19 November 2025.