If you ever needed proof that people/companies worth lots of money didn’t earn it, you can look at twitter as a great example. He pretty much did everything wrong. Massively overpaid for it, lowered the companies valuation significantly, lost a lot of users, advertisers etc.
Somehow it still exists and is relavent and hadn’t hurt musks wealth.
He’s lost billions, I’m not sure what gave you that idea.
And I’ve noticed X being referenced in news articles etc far less than it used to be, and Bluesky being referenced far more. The platform has definitely lost relevance.
Yeah, I guess it’s not clear, but I didn’t mean he literally lost zero dollars, I mean his “worth” essentially hasn’t changed. The numbers moved a bit, but otherwise it’s business as usual
I’ve been bouncing around a theory in my head that the big, mainstream, social media sites are kind of too big to fail at this point.
Back in the day, a change in moderation or ownership on a forum site would lead to a user revolt or an exodus to an alternative, and the old one would die out.
Now, these sites are so big and load bearing that alternatives struggle to get off the ground, and people just sorta stay and take it.
I found myself on reddit the other day, and came across someone complaining “now we’re all trapped in this corporate hellscape! I miss forums, BBS, and all that stuff”
Lemmy is right here, and a hobbyist community for old communication platforms like that, could really thrive on a place like Lemmy. Where it’s not just about nostalgia for a bygone era, but actively on a platform that can carve out, an alternative to the corporate hellscape this guy was complaining about.
But no, they’re still on reddit, yearning for the past, and blinded from seeing a future with any alternative
Facebook definitely has that advantage, people are there because everyone else is there. Any other platform I join will just be me shouting into the void.
Twitter used to be a very effective tool for spreading information (good or bad). It was often used by people protesting against their governments to organize gatherings, events and all sorts of stuff.
Then coincidentally when the USA desperately needs something like that, it is no longer around.
Twitter isn’t even an open platform anymore since Musk took over, which completely defeats the purpose of this application—if you need an account to see content, it’s hard to say that it’s still a platform for public statements, since the content simply isn’t publicly available anymore.
If you ever needed proof that people/companies worth lots of money didn’t earn it, you can look at twitter as a great example. He pretty much did everything wrong. Massively overpaid for it, lowered the companies valuation significantly, lost a lot of users, advertisers etc.
Somehow it still exists and is relavent and hadn’t hurt musks wealth.
He’s lost billions, I’m not sure what gave you that idea.
And I’ve noticed X being referenced in news articles etc far less than it used to be, and Bluesky being referenced far more. The platform has definitely lost relevance.
Until that fuck is dead in a ditch, he’s still more wealthy than 99.99999% of people…
Oh, definitely. But to say he hasn’t lost money is just wrong.
He lost money but this didn’t impact him. His life style or anything. 20 billion is nothing for him.
Yeah, I guess it’s not clear, but I didn’t mean he literally lost zero dollars, I mean his “worth” essentially hasn’t changed. The numbers moved a bit, but otherwise it’s business as usual
I’ve been bouncing around a theory in my head that the big, mainstream, social media sites are kind of too big to fail at this point.
Back in the day, a change in moderation or ownership on a forum site would lead to a user revolt or an exodus to an alternative, and the old one would die out.
Now, these sites are so big and load bearing that alternatives struggle to get off the ground, and people just sorta stay and take it.
I found myself on reddit the other day, and came across someone complaining “now we’re all trapped in this corporate hellscape! I miss forums, BBS, and all that stuff”
Lemmy is right here, and a hobbyist community for old communication platforms like that, could really thrive on a place like Lemmy. Where it’s not just about nostalgia for a bygone era, but actively on a platform that can carve out, an alternative to the corporate hellscape this guy was complaining about.
But no, they’re still on reddit, yearning for the past, and blinded from seeing a future with any alternative
Facebook definitely has that advantage, people are there because everyone else is there. Any other platform I join will just be me shouting into the void.
Twitter used to be a very effective tool for spreading information (good or bad). It was often used by people protesting against their governments to organize gatherings, events and all sorts of stuff.
Then coincidentally when the USA desperately needs something like that, it is no longer around.
Twitter isn’t even an open platform anymore since Musk took over, which completely defeats the purpose of this application—if you need an account to see content, it’s hard to say that it’s still a platform for public statements, since the content simply isn’t publicly available anymore.
BlueSky