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So "X" - nothing to see here. Elon's in control - Part XXX **Threadbans in OP**

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  • Registered Users Posts: 40,428 ✭✭✭✭ohnonotgmail


    what she is is a product. a product sold to advertisers.



  • Registered Users Posts: 23,637 ✭✭✭✭pjohnson


    Yeah your view is the nonsensical no mans land Musk is aiming for.



  • Registered Users Posts: 7,991 ✭✭✭Christy42


    Given he has been handing out twitter blue for free I strongly suspect he will not be cancelling her, I assume she is not big enough to get it for free but he still won't be cancelling people making content. Apparently Elon has pondered the value of twitter blue.


    Twitter content is a two way street. It gives people a platform but content also keeps people coming back to twitter. Certainly how many people is relative to your follower base but a lower follower base also gives you a smaller platform so it scales. This is why blue ticks were pushed, because it brought users to log onto twitter more often.

    Now paying gets you blocked by a large proportion of those that do see your tweets. People just don't care what they have to say. Famous people will still have more reach. They will have more followers and more reshares. Meanwhile ordinary people will just have their accounts blocked by people who get annoyed at random people they don't care about all across their timelines. The value of the blue tick was not for those who had it. The real value was for those who didn't to know whose tweets they were seeing. As I said above the point of social media is to get people to log on to sell them advertising, most people don't care about their posts getting boosted but they do care about the content they see on twitter and if that goes down then twitter loses value as the quality of the platform goes down.



  • Registered Users Posts: 33,667 ✭✭✭✭Penn


    Firstly, the old way didn't give more reach to your tweets based on who you were, people still had to choose to follow your account. Even in replies to people's tweets, blue tick accounts had the same access as everyone else, the only difference may occur when their tweets get liked or retweeted more, which may make their tweets appear first under replies. But again, that's nothing to do with the blue tick, but rather followers engaging with the tweets of someone famous. That would happen blue tick or no. Someone paying for Twitter Blue and for their tweets to be bumped up the queue still doesn't mean they're going to get any active engagement on their tweets.

    Again, the blue tick was only a verification symbol. That's it, that's all it did. It didn't give your tweets more reach, their followers did that by liking/retweeting their tweets. Like I said, it's not gatekeeping, it's recognition.

    As for "now the decision is yours", tell that to all the accounts who now have blue ticks against their will, whether Musk was doing it as a punishment, or just because they have 1m+ followers. Again, literal gatekeeping.



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,481 Mod ✭✭✭✭Quin_Dub


    Musk has ruined the blue check mark for everybody now.

    He could have left it as it was - Which was a way for users to identify "real" high profile accounts OR he could have removed it for everyone and had only those people that paid the subscription fee (which was always a bit pointless tbh).

    Now though , he has just ruined it for everyone - Some people get it for free and some people have to pay for it and no one really has any immediately obvious way of telling the difference so the value of it is completely diluted.

    It's all just a bit silly and even the fact that he decided to make the change on "4/20" is just further evidence that he really doesn't think about these decisions beyond their immediate "meme-lord" value to his ego..



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  • Registered Users Posts: 1,934 ✭✭✭PeadarCo


    By asking who is better performing YouTube or Netflix you have completely missed the point and you don't understand the business of video streaming and social media in general. YouTube could not operate with Netflixs business model and vice versa.

    YouTube is quantity over quality and Netflix are the opposite. They operate in different segments of the video streaming industry but both are highly successful in their respective niches.

    For YouTube to generate the quantity required to compete with Netflix it needs a large number of users most of whom will produce stuff that very few people watch. YouTube does pays well enough so it's possible to make a career out of YouTube for even moderately successful creators.

    Netflix rely on the vast majority of its content being watched. So it pays for content to be produced directly or buys content already produced. They could never produce YouTubes level of content nor would subscribers tolerate the reduction in quality this volume increase would cause.

    Twitter is not Netflix it relies on its users to create content especially users that have big followings. As others have explained asking these people to pay is stupid putting things mildly. The guy has no understanding of social media.

    What seems to have happened is that Musks solution to Twitters cash problem has been to look at the total users and say that if X% pay X price, Twitter would be profitable. If it was really that simple the previous owners of Twitter would have done that years ago. Again it shows the guy is clueless about the Twitter and the industry its in.



  • Posts: 2,725 [Deleted User]


    Sums it up.




  • Registered Users Posts: 4,072 ✭✭✭silliussoddius


    ....



  • Registered Users Posts: 25,550 ✭✭✭✭Timberrrrrrrr




  • Registered Users Posts: 25,550 ✭✭✭✭Timberrrrrrrr




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  • Registered Users Posts: 478 ✭✭Run Forest Run


    So, you're saying there is ample fuel to keep a platform going then...?

    This is exactly what I have been saying.

    It doesn't really matter whether it's dominated by one tribe or the other. Once there is plenty of loonies making a fool of themselves, then twitter will be doing just fine. I think Musk understands this very well... he's been an intimate part of it for a while now. He gets the mass appeal, and it's mostly cringe media. He has just shook the place up a bit, and welcomed in more of the oddballs from the other tribe! 😂



  • Registered Users Posts: 33,667 ✭✭✭✭Penn


    If true, the only strange thing is that he made it something so easily linked back to himself.

    Then again, with his ego, probably not that strange....



  • Registered Users Posts: 17,998 ✭✭✭✭VinLieger


    Except hes still not making enough money to keep twitter in the black let alone service the debt hes loaded the company with



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,481 Mod ✭✭✭✭Quin_Dub


    No there isn't , not even remotely close to it.

    That's why "Truth" Social , Parler , Gettr and all the other echo chamber social media environments are failing badly.

    Advertisers won't touch any of the above with a barge pole and Musks Twitter is well its way to Advertising no-mans land as well.

    People paying for blue ticks won't even cover keeping the lights on at Twitter, let alone help pay for the massive borrowing costs that Musk loaded up on to the books when he decided to grossly over pay for it at $54.20 per share because he needed to get 4-20 into the offer price "for the epic memes".

    Twitter will survive for as long as Musk is willing to burn cash to keep it afloat , in its current form it will never get close to breaking even.



  • Registered Users Posts: 11,205 ✭✭✭✭Furze99


    Of course I understand the different models of YouTube and Netflix, not stupid! I would query which financially works better and I doubt if anyone knows the full story there.

    What is apparent and what you and others seem to be wishing away, is just how you run a service like Twitter and make it pay? What's your idea?

    It's quite understandable that media services like this start off as free as various portals vie for market share. But as things mature, the costs of running & developing them further escalate.

    Advertising works to a certain extent, when it's new to a site and adverts are thinner, they have impact. But you start selling more & advertising and those purchasing same start to see diminishing returns. You can't flood a social media site with adverts.

    So how do you finance the likes of Twitter or on a much lesser scale Boards here? Either a) a large benefactor, philanthropist b) the state i.e. taxpayer or c) subscriptions from those who use the service?



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,481 Mod ✭✭✭✭Quin_Dub


    The whole problem is that the age of pure social media is over to a large extent.

    As people have become more and more aware of privacy and the data that they share online, the models historically followed by Twitter & Facebook are increasingly weakened.

    The value to advertisers was not so much showing the ad , it was showing the ad to a very specific person based on all the data that was being captured by Facebook and Twitter.

    Their ability to do that is massively reduced today, both by legislation and by larger companies like Google & Apple making it much easier for end users to restrict access to that data.

    Facebook are trying to diversify into the Metaverse (which is already a bust) but Twitter really doesn't have many options.

    People are just not going to subscribe to Twitter in anything like the required volumes to meet the costs and advertisers are also running away because they don't want to have their brands appearing in toxic tweet threads and also because Twitter (and everybody else) are unable to offer them the level of targeting that makes sense for the brands.

    So , the only route really is the "rich benefactor" path you mention above.

    As I said in an earlier post , Twitter will last for as long as Musk (and his fellow investors) are prepared to burn money to keep it afloat.

    It would have lasted much much longer had Musk not burdened it with billions and billions in additional debt mind you.



  • Registered Users Posts: 33,667 ✭✭✭✭Penn


    I'd also tack on to that that another money-generating feature that Musk has introduced is the ability to subscribe to some Twitter users, where those users would essentially put some of their content behind a paywall and you can only view it by subscribing to the individual user. However any users who want to generate more income from their content likely already have a Patreon, or Substack, or any of the various "tip"-type systems in place.

    What bonus content are you going to get from, say Musk's subscription? Get to see recycled memes from Reddit and 4chan?

    I don't know how profitable Twitter was before Musk took over, or indeed how much money it was losing which I believe was the case. But the best course of action would have been increase ads (slightly, not enough to annoy people, but enough to get a bit more revenue), increase the cost of ads, and reduce overheads of the company. Musk has shown there was clearly a bit of fat which could be cut off. I think he's likely gone too far with that in ways that will eventually become evident, and the site has definitely been more glitchy with more downtime than before he took over, but there was likely operational costs which could be cut regardless.

    But as Quin_Dub said, Musk has burdened the site with billions in debt. You cannot take a free service which people have used for free for 10+ years and suddenly start locking all advantages of the site behind paywalls and subscriptions without causing an exodus of users who have numerous other sites to go to instead, thereby also affecting ad revenue in the meantime (even ignoring how he p*ssed off so much of the existing advertisers which was a huge portion of their income).



  • Registered Users Posts: 478 ✭✭Run Forest Run


    I guess we'll find out in due course.

    There is no doubt that many people who hate Musk, want to see him fail spectacularly... but then we've seen the predictions about his other business endeavours that haven't come to fruition either. I have a feeling twitter will trundle along just fine for many years to come. Which will obviously annoy quite a lot of people... but hey ho, that's life!



  • Registered Users Posts: 33,667 ✭✭✭✭Penn


    Hey as much as I dislike Musk myself, I hope Twitter keeps going. For what I like about it, it still operates as I want to use it for (ie. never ever talking to anyone or discussing anything or posting anything myself, but just following accounts for general news, info, jokes etc) and is always one of my go-to sites throughout the day.

    And it's one of the best places for people making fun of Musk, so win-win.



  • Registered Users Posts: 11,205 ✭✭✭✭Furze99


    Yeah, I'd agree largely with that. There's only one way costs develop with services like these and that is upwards.

    The problems with the benefactor or state subvention models are obvious.

    These issues are not confined to Twitter of course, I'd be watching Google as time goes on. It provides a lot of 'free' services that are expensive to develop and maintain. OK commercial use is charged for some services. Whilst advertising and data mining is used to generate income from more general public users. But will it always be like this? I'm not so sure, there is a lot of value in Google services and many people leverage off them freely to generate income. When services become indispensable, then we may see subscription or pay by use charges coming in there too.

    What I laugh at the protests from Twitter users who use the service professionally and yet who think they should not pay something towards it out of some sort of principle. Ask them to put their hands in their own pockets to fund some service freely and they'd run a mile.



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  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,481 Mod ✭✭✭✭Quin_Dub


    Like I said , Twitter will go on for as long as the people who funded the takeover are prepared to lose money, or at least not get their investment back.

    That could be 6 months or that could be 20 years, but it's entirely up to them.

    What is pretty clear though is that Twitter is extremely unlikely to ever generate sufficient revenue to cover its annual costs and debt obligations.



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,481 Mod ✭✭✭✭Quin_Dub


    There is probably a model there where people have to register as a "commercial entity" or whatever and pay for their accounts if the primary use is business promotion - But if I was a company paying for my account on Twitter I'd want guarantees that no adverts for my competitors are going to show up next to my tweets etc. so it wouldn't be a simple thing to implement.

    But asking regular users - who are the ones that generate the interactions that make Twitter its ad revenue , to pay for the privilege of using the service isn't a pathway to growth and sustainable revenue.



  • Registered Users Posts: 3,838 ✭✭✭Flaneur OBrien


    What I laugh at the protests from Twitter users who use the service professionally and yet who think they should not pay something towards it out of some sort of principle. Ask them to put their hands in their own pockets to fund some service freely and they'd run a mile.


    If you don't understand this, then you have no concept of the problem. It's like you turning up for work and paying your boss for the privilege of working there.


    I did think of one way Twitter could have made more income, but the ship has already sailed as Musk has ruined everything😁

    For want of a better phrase, a cross-contamination of media. You subscribe to a purse that you control, twitter takes x% of each deposit. Now, when the like of the Irish independent, Times etc. puts up an article behind a paywall, you can unlock just that article by going through twitter and clicking the link. Instead of paying for an annual or monthly sub, you get to choose what content to pay for. Papers make a little bit more money, but also can tailor their content to what makes money. Eventually people may realise a subscription works out cheaper, and subscribes.



  • Registered Users Posts: 5,964 ✭✭✭Cordell


    Yeah that won't work, the media behind the paywall doesn't want to sell you an article, they want your repeat business for a long time. Just like the streaming services who won't sell you just the film or series you're interested in, because they want you hooked for more.



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,481 Mod ✭✭✭✭Quin_Dub


    I'd tend to agree , but there's definitely scope for partnership type deals where there are shared benefits across subscriptions.

    Like , if you subscribe to a newspapers premium offer you also get access to the Twitter subscription and vice versa - Something like that.

    The value proposition of paying $8/month for just Twitter really isn't there for the vast vast majority of users.

    97% of Twitters content comes from ~25% of the accounts and 82% of that is replies and retweets (which are 50% of the total).

    So right out the gate , 75% of users have next to zero to gain from subscribing to Twitter as being able to edit etc. is of very limited value.

    If they want people to subscribe to the service , they have to make it worthwhile and right now it just isn't.



  • Registered Users Posts: 3,838 ✭✭✭Flaneur OBrien


    Except I can already pay for single items from prime, apple+ etc.



  • Registered Users Posts: 33,667 ✭✭✭✭Penn


    Part of the problem with so many different sites etc having a subscription model is that consumers then become a lot more picky about what services they subscribe to. Netflix had the streaming market sewn up, but because more and more companies started their own subscription streaming services, piracy has risen substantially because people don't want to or can't afford to have all the streaming services. Likewise with news websites or social media, people will use them all when they're free, but when they start paywalling behind subscriptions, people will pick one or two and not visit the rest.

    When it comes to social media, subscription is an even harder sell, because the whole thing about social media is being able to connect with as many other accounts as you want, and people have accounts on different social media sites. Once they start going behind subscription services, the main benefit of social media is gone because everyone will disperse to different sites (if at all). And while you get news from news sites, films/tv from streaming sites etc, social media is going to be something a lot of people just don't pay for.



  • Registered Users Posts: 478 ✭✭Run Forest Run


    We'll see...

    I don't think he bought it purely as a vehicle for making profits. But I think he'll find a way to make it a financially viable operation - by hook or by crook as they say.



  • Registered Users Posts: 17,998 ✭✭✭✭VinLieger


    Its nothing to do with financial viability, the issue is the debt hes lumbered the company with. He likely could make it financially viable and at the very least break even but on top of that servicing 1 billion dollars of debt this year alone is a task he is nowhere close to reaching.



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  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,481 Mod ✭✭✭✭Quin_Dub


    He didn't buy it because he wanted to , he bought it because he was forced to by the courts , let's be fair here.

    I have no doubt that he'll try to find some way of making money from it , but none of his ideas thus far are going to do that.

    His idea of a WeChat clone - this "Everything App" thing is a bust as well, it's just not viable.

    WeChat exists only because the Chinese has banned or blocked every single potential competitor from the only market that WeChat operates in - Mainland China. It is non-existent anywhere it has any competition.

    Who knows what idea he might or might not come up with in the future , but I wouldn't hold my breath.

    Musks gift is in marketing and promotion , it's not in Product design.



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