I personally don't see my future at Twitter anymore. Five years is too long, so I ask where do you see this company in two years? I wouldn't like dark forecasts for this company to come true, but on the other hand, the future does not look very bright. Unfortunately.
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For the people who think an "extreme freeze peach" (i.e. unmoderated cesspool) Twitter will continue to attract advertisers, look to Fox News. The Right loves to talk about how Fox is the most watched cable news channel in the US. While that's true, they are unable to support themselves through advertising. If it weren't for the cable fees they get they'd go belly up. If people were able to remove it from their cable feed, they'd be screwed.
So Twitter would need the $8 monthly subscription fees to survive. Who thinks that's a viable plan?
How much staff does a company need to maintain a website that allows people to post short comments? Not many, but that is not the business Twitter is in. They are in the advertising business and that takes a lot more people. You have to keep the service attractive to the advertisers (hence moderation), and you have to deliver the ads to the people most likely to be influenced by them (hence reading your tweets and profiling you).
@2gme+1jP02EhY you know what margins are, right?
@1qun+1jP02EhY did you just take June numbers and lowered the operational costs lol?
Just conveniently ignoring massive fall in ad revenue and crushing interest costs (1B per year in debt payments lol)
You brain so big such smart. lol.
what do you mean the future doesnt look bright? its only been two weeks and he's already turned the company from a net -20% to +28% profit margins according to SEC filings as of 6/30/22 when staff costs accounted for 63% of all expenses. twitter is literally in a better position today than it was just a month ago lol
Lol what celebrities? Stephen fricken King? Nobody cares about boomer Hollywood celebrities anymore and people like mr beast and marques brownlee that are actually relevant aren’t going anywhere.
With advertisers (the real, paying customers) and celebrities (the content) fleeing Twitter in droves, I'd be more worried about where the company is in two months, let alone two years.
NYT points out that EM is running Twitter just like he ran Tesla and SpaceX. Those were both wildly successful startups.
Twitter is not a startup. It's a mature company.
EM is quite capable of producing a new, improved, Twitter 2.0 within two years.
But that $44B is gone gone.
So funny how those let go think Twitter will just fail. Lol. The rest of the world is moving on without you.
One the dust settles we will see a stronger twitter. Leave the noise of who is banned and who is not. Organizations know Twitter is the best wat to get their messages out so it will thrive and grow. So what that they few individuals are choosing to close their accounts. I have yet to see a major company take that step.
While mastodon doesn't seem like a real great alternative, some sort of decentralized system similar will take over
Exactly correct, and that is what the plan is for twitter. Decentralization is kryptonite to the three headed monster of the govt, billionaire class, and corporate establishment that purport themselves to be “the resistance“
How much staff does a company need to maintain a website that allows people to post short comments? Seems like a lot of the work is already done, so then the question becomes how many people are needed to maintain such a site? Probably not many, honestly. Not that the Twitter workers want to hear that, but it's likely the truth.
I think we've all seen that too much of social media is controlled by a few billionaires. The future will eventually turn twitter into the next myspace. While mastodon doesn't seem like a real great alternative, some sort of decentralized system similar will take over where users have ownership and control of their data, and can more easily filter out sites that allow hate speech and fake news. There will be multiple clients with different features, more or less acting like a giant RSS aggregator of social feeds. Twitter may be one of these.