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this post was submitted on 10 Jul 2023
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Social media company’s don’t understand what makes a Social network great. It isn’t advertising, or social manipulation, or exorbitant subscription fees and API charges. It isn’t restriction of speech or freedom of speech, it isn’t algorithmically controlled moderation and curation.
It is the people that make a social network great.
They don't care about making a great or even good product. It's solely about making as much money in as short a time period as possible, regardless of the long term consequences.
I don't have access to Twitter's balance sheet, but I'd wager a guess that they're on financial life support in the short term, and they've got a stage 4 cancer diagnosis in the long term.
The only thing Twitter has going for them over a competitor like Mastodon or Threads, is their name. And Musk has made sure their name is covered in shit and mud.
Twitter was doomed before Musk bought them, and they're super doomed now.