• henfredemars@lemdro.id
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    1 year ago

    Who knew that removing functionality and limiting access to your product was the path to social media success.

        • Justice@lemmygrad.ml
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          1 year ago

          “This guy lost like $30B under a year. I wanna be just like him!”

          How fucking stupid are these people?

          • another_lemming@lemmy.world
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            1 year ago

            Spez sold Reddit for some small $mils before failing his other project and returning as a hired CEO. He is a cheapskate among media magnates. He isn’t clever and is a loser. He adores Elon because he wishes he can throw money around just like him, but on the day’s end he knows he doesn’t have comparable wealth and he is there just because he happened to be around Aaron Swartz and other cool dudes. He himself couldn’t create Reddit. And being the top admin of it now is probably the closest thing in corporate world to cuckolding, for he doesn’t have a word in managing the ‘frontpage of the internet’ he once owned, he just follows what the board says him to. Sad piece of shit he is. Won’t cry about him tho. Let misery fall onto his little empty head.

  • daniskarma@lemmy.world
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    1 year ago

    The didn’t buy Twitter for a profit.

    He bought Twitter to destroy it because big free horizontal communication platforms are bad for billionaires.

    He can’t just close it, so he just destroy it little by little until it is no more.

    The same way conservative groups bought Tumblr because it was too sexual liberating for their conservative views.

      • JoYo@lemmy.ml
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        1 year ago

        This is also the case, however he had the option to drop out with much lower losses.

    • notatoad@lemmy.world
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      1 year ago

      he offered to buy twitter for a joke, and he actually did buy twitter because a court forced him to. not because this was some grand plan to accomplish anything - he literally spent months in court arguing that he shouldn’t have to buy twitter, and he lost. that’s the only reason he owns twitter now.

      • JoYo@lemmy.ml
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        1 year ago

        the court didn’t force him, he could have paid a penalty that was much lower than his current losses.

      • TWeaK@lemm.ee
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        1 year ago

        I dunno, I guess the fact that I’ve never been very active on Twitter. I use it occasionally and reply to the odd thread, but I never even knew only fans bots was a thing there.

        • MomoTimeToDie@sh.itjust.works
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          1 year ago

          I’ve used Twitter off and on for a while to follow artists who post there, and my dms are full of only fans spam and crypto scams

  • BURN@lemmy.world
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    1 year ago

    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.

  • Mdotaut801@lemmy.world
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    1 year ago

    So, is musky boy intentionally running twitter into the ground? That’s gotta be it, right?