Sanrith Descartes
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Reading is fundamental. Its good for the soul too.
ps.. that was copy paste out of a Fidelity news alert. I certainly didnt spend the time writing all that crap.
Investing General Discussion
- Thread starter Furious
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ps.. that was copy paste out of a Fidelity news alert. I certainly didnt spend the time writing all that crap.
Sanrith Descartes
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He is so stupidly rich that it doesn't matter in the context of his wealth.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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The other major shareholders are all banks. I am guessing if he is buying their shares they will "work something out".
Soygen
The Dirty Dozen For the Price of One
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I think you're grossly underestimating the power Twitter has on the culture and political narratives of our country(the world, even). It's not about 'technology'.
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Sanrith Descartes
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And consider it is nearly profitably in its current shitty broken state. Imagine cutting a shitload of headcount and just letting the Algos do the heavy lifting while making it more of a advertiser friendly environment. Also Elon has the idea for a $1 or $2 a month subscription to eliminate all the bots.
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Mist
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Aldarion
Egg Nazi
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The value of twitter (I cant fucking believe I'm typing that phrase) isnt the tech, its the cultural influence. When OSC wrote Ender and Valentine shaping the politics of their world through anonymous arguments on the internet, it was fiction.
Its reality now, and thats largely because of Twitter.
Thats a thing with financial value, whether its good for society or not (its clearly and emphatically not).
Its reality now, and thats largely because of Twitter.
Thats a thing with financial value, whether its good for society or not (its clearly and emphatically not).
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Ravishing
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I haven't looked but I imagine DWAC should be taking a big hit...
But imagine if Elon acquires Twitter and opens the API up so other social media sites could tap in and parse the data in different ways...
That could be the angle for these other social media startups.
Twitter could also charge for that api access
But imagine if Elon acquires Twitter and opens the API up so other social media sites could tap in and parse the data in different ways...
That could be the angle for these other social media startups.
Twitter could also charge for that api access
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Mist
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Why should it be valuable?
Twitter is not Facebook.
Facebook for all its faults is very good at being a place for small and medium size businesses to setup a page and advertise to local residents who are actually likely to visit those businesses.
Twitter is just a place for people to argue about dumb shit in 280 characters or less.
Making Twitter profitable is harder than making Reddit profitable and slightly less hard than making 4chan profitable.
Nextdoor is more valuable than Twitter.
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Ravishing
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The metrics you use to determine value are not the same metrics that most industries use.
This might be hard to believe, but content has never proven to be as valuable as an actual engaged userbase/audience.
Eyeballs on screens, minutes used/ watched, etc, are far more valuable than the amount & type of content you can deliver.
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Sanrith Descartes
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WFC getting hammered on earnings miss. Banks in general are not giving us a warm and fuzzy for this earnings season. They are all blaming Russia but its deeper than that.
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The difference between free and $1 probably loses 90% or more of the (human) user base.
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Mist
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It's about targeting though. I just don't see Twitter ever being good at the hyperlocal and hyper-specific targeting that Facebook or Nextdoor can deliver.
Twitter is a shitposting forum for adult children.
Sanrith Descartes
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Twitter is amazing as an instant communication community. Want to see breaking news? Twitter. It has a necessary place in society. It's current form is fucked up tho.
Elon could drop 40b and not care if it makes a profit. Note I said could, not should.
Elon could drop 40b and not care if it makes a profit. Note I said could, not should.
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IMO, the incessant desire for "breaking news" is what's giving us all societal ADHD. We need less and higher quality news, not lower latency news.
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Sanrith Descartes
Veteran of a thousand threadban wars
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I disagree here. You get more raw unfiltered (aka spin free) video from breaking news than anything I trust on the MSM. Like everything you have to analyze it for yourself but I am fine with that. Also, Twitter is the platform of choice for the Financial world. Fintwit won't be leaving anytime soon.
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