Who knew that removing functionality and limiting access to your product was the path to social media success.
Spez literally said in an interview that Musk’s handling of twitter is what inspired him so
“This guy lost like $30B under a year. I wanna be just like him!”
How fucking stupid are these people?
I think they also plan to block you viewing Reddit in mobile browsers so you must get their app.
Ad revenue is down (at least) 50% and they just keep making decisions that kick people off their platform.
I’m pretty sure Twitter advertising and Reddit advertising are in a race to the bottom to see who’s going to have to pay companies to put ads on their site first.
It’s insane to watch this happen. I remember watching the rise of Twitter as a kid and it becoming ubiquitous with social media, only to see it crash down this quickly.
I’m speculating, but I’d guess a lot of functionality is being limited because they don’t have dev staff to maintain it, as well as trying to cut server costs as much as possible. I’d honestly be surprised if musk was making these decisions because he thinks it’s good for the health of the platform. There has to be some ulterior motive for it.
It is unfathomable to me how Reddit isn’t profitable.
Facebook makes a mint by telling advertisers, “trust us, we’ll get your ads in front of people who might buy your product based on a lot of inference around their fairly generic profile data plus some tracking cookies”. One guy should be able to sell a billion dollars worth of ads on Reddit. Just put up a form that says, “which subreddit do you want to advertise in?” and “what’s your credit card number?”. That’s it. They have like 10,000 completely segmented markets just sitting there full of hundreds of millions of people who have self-selected to be members of those communities.
We spend hundreds of billions of dollars collectively trying to figure out which google search terms might find us a few more solid leads. Reddit has an amazing list of them for every company in the entire world. How in the everloving fuck have they managed to blindly bumble around for two decades without ever falling into the giant pile of money in front of them?
This theory requires them to have sufficient devs to implement a new feature. That also seems unlikely to me
They have plenty of devs, but they’re all the worst in their field. How else could they take a fully developed app and turn it into the dumpster fire itbos today?
It’s usually not the devs who make the decisions on what to implement; that only happens in the early days of a site when the owners are also the devs.
C-levels looking to make money are pulling the strings. The devs at any large site just have a list of user stories to burndown.
It wasn’t cheaper than paying the contractual penalty, but if he had done that, it would have been his debt and not Twitter’s.
It wouldn’t surprise me if this was what is really going on musk spent 44 billion which is far more than twitter was ever worth he basically got tricked into buying a company that has never made money and now he’s trying to get it to make money
It wouldn’t surprise me if this was what is really going on musk spent 44 billion which is far more than twitter was ever worth he basically got tricked into buying a company that has never made money and now he’s trying to get it to make money
He didn’t get tricked into anything. He massively over offered and then when Twitter accepted his offer he realized he fucked up
Maybe I’m miss remembering but he made a huge offer realized it wasn’t worth anywhere close to that then realized he faced a huge fine and sec investigation if he backed out and was basically forced to buy twitter
We’re living in very interesting times indeed.
So we have one billionaire over in Meta, who’s been making it very known how predatory in practice he is with getting your data and they fundamentally shatter the functionality of all of their platforms.
Then, we have this billionaire here who under a year, has made a total catastrophe of what was once a thriving platform once worth billions of it’s own until he came and acquired it.
And then we have this not-a-billionaire who, is inspired by the self-destruction of the other platforms that they too, must follow suit, in hopes of aspiring success.
I wonder what book they’re all reading from in the ways of business, that says if you suck harder, they’ll mean a net positive.
I can’t think of another product I know more about that I don’t use. Just die already, elon is killing you in public to remove the threat of Twitter as an organizing tool for social uprisings and labor as a favor/brownie points/roundabout contracting for other billionaire “buddies”.
Just go.
If was always about limiting the ability to organize using Twitter and Reddit. They want things to go differently in 2024, not because of any conservative political ideology even though most of them skew that way. But because they make more money when the monsters are in charge.
I don’t see the logic in making this change. Is someone supposed to want to join blue just so they can DM people that haven’t changed the default setting?
