Twitter discontinues ad-free articles for Blue subscribers
theverge.com
theverge.com
And... I'm not sure that I'm being cynical here. I think I'm extrapolating on a pretty solid trend in economics. I'd like to think that the $100k value I tossed out is unrealistic, but I've been surprised before (looking at you, Diablo)
It's obviously not too dissimilar from Twitter. I bet some people get a very similar rush from a match as they do from a shared tweet.
I imagine it's still mostly guys who buy the super futures but there's also a large class of OF models, aspiring influencers, etc. who use Tinder features because it is good value for their goals. I imagine people who use Twitter for clicks/attention would be in same spot.
Sports have super fans that come to every game Airlines have business travelers Etc etc.
https://www.liveabout.com/what-is-a-whale-2917364
^ This term does not come from gaming.
I can just imagine.
"For $10/month, you can message with any profile on DatingSimulator dot com, and for only $25/month we will highlight which profiles are of humans instead of bots." (but you can still message the bots, if you want)
https://www.smithsonianmag.com/history/blue-versus-green-roc...
Or they're in a region where $20 is a significant portion of their monthly income. Of course, their government will be able to afford verification.
People with blue checks, who have had their identities verified and aren't anonymous, already stretch the truth and put out misinformation. Adding a $20/month fee isn't going to change that. $20/month is worth it for many people who want to bend the truth for their own personal gain, whatever that may be. I really don't understand how charging people for a blue check next to their name somehow also "combats misinformation".
Did I? I thought I was spitballing for how twitter might be able to turn a profit. And, get this, without selling ads...
While paying for the check mark is certainly a valid way to earn money it won't really serve the same purpose. Many notable accounts may choose not to buy in, accounts that are not notable may choose to buy in, adding to the confusion.
In the current existing system, famous people also have to go a verification process when they are invited or approved to be verified. Paying for a checkmark would presumably include the same verification that takes place in the current system.
It will presumably include some verification process, but the current process is relatively small volume (compared to what Musk wants for the new premium accounts with verification, which he seems to want to be the norm for active, non-trivial-reach users) and I would imagine doesn’t scale well, so he probably wants a more streamlined, scalable identity verification system like what EdX does for verified certificates.
I don't think so. There are blue check accounts that get purchased, and then have the name and image replaced with that of a famous person to sell scams. Check the replies under any real Musk tweet.
That is what it was, in theory. There are some issues in practice, and in any case Musk has a very different vision of what it is for (the user facing reason seems to be largely “paying for positioning in the algorithm”.)
EDIT: In addition to algorithmic prioritization, you also get a 50% reduction in ads and the ability to post “long video and audio”, per Elon’s recent announcements.
Did that stop Alex Jones from slandering the victims of Sandy Hook?
Last time I checked, Alex Jones's web traffic increased, because that slander / misinformation made him more money. People wanted that misinformation badly.
Does Elon Musk's blue checkmark stop him from posting misinformation on say... the number of bots on Twitter and whether or not they'd allow him to not buy Twitter over that argument?
Or TSLA going private for $420?
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These online personalities have proven that they don't care one tiny bit about telling the truth, even if they have money and their name attached to their accounts
Sure, telling big accounts that are the major source of content bringing people to the platform that you view their presence as a headache that you need compensated extra for rather than a welcome thing that you are willing to do costly work to make secure is a great way to shrink the platform for all uses, including misinformation.
When Twitter started its unique selling point was posting & reading via SMS, and it had essentially no competitors. The market Twitter is in now is radically different.
> Stephen King can announce a book tour or new title and reach millions of fans for a meager 20 bucks a month.
The current planned price for the algorithmic juicing plus reduced ads plus verification that merges and replaces the existing verified program and Blue premium subscription is $8/mo in the US, adjusted by PPP in other countries.
Meanwhile, plenty of people will farm out verification of accounts for purposes where paying the verification fee for an illusion of authority will be worth it for a lot of uses.
Now the Star-Belly Sneeches
Had bellies with stars
But the Plain-Belly Sneeches
Had none upon thars...(To be fair, though, it's not clear how Hunter Biden has anything to do with anything, and why anyone is still talking about him, because last I checked, unlike another royal family, Joe did not fill the cabinet with his relatives...)
Actually, 'we' have been demanding a lot less from the previous one.
But either way, the conspiracy theory of the day that ElMu retweeted has nothing to do with any laptops.
Adding value by removing value. Makes perfect sense.
https://www.theverge.com/2021/5/4/22417852/twitter-buying-sc...
It's a shame to have them be bought out just to be closed down.
*provided the site supports it, unsure what the process for that is. Some really weird ones do, like specific Youtube channels, The Guardian, or some GitHub users.
I don't know if that rises to the level of fraud legally speaking, but morally it's very sketchy. I don't want to associate myself with that and I don't trust them.
[1] https://web.archive.org/web/20181224011529/https://twitter.c... Tom Scott on his experience. He makes a good point on potential GDPR compliance issues as well.
Aside from that, I personally do not see the issue with being able to opt into automatic crypto payments for browsing time, vs seeing nothing at all from the same. The default behaviour for unverified creators is that it goes into some internal pool for marketing, which is a bit sketchy though yeah.
The other major downside is it's only available on Apple devices (of course).
Leave twitter now. Let the dust settle 1 year later. and join then. Otherwise, you will be riding the same roller coaster.
It might be an interesting open source project as well- build a model that can be trained to your tastes that runs on hardware that you control.
This twisted perversion of meaning is prime newspeak. George Orwell would be proud.
After opting in to block unverified accounts, that kind of trolling and spamming should be reduced by a huge amount.
This will reduce crap spam content because it will cost too much. Even regular users will tweet fewer bla posts.
Win-win!
Even if there is a free bridge right next to it?
https://voonze.com/how-to-follow-twitter-accounts-by-rss-wit...
Musk twitter RSS feed https://nitter.pussthecat.org/elonmusk/
I follow twitter posts in my RSS reader via this way
Anyone here paying for it and feel like they're getting their money worth?
> - Priority in replies, mentions & search, which is essential to defeat spam/scam
> - Ability to post long video & audio
> - Half as many ads
> - And paywall bypass for publishers willing to work with us
>https://twitter.com/elonmusk/status/1587500060853424129
So if you pay, your tweets will get more visibility, and if you are poor, well I guess what you have to say just doesn't matter as much...
That means, Elon has to pull at almost all stops to make Twitter profitable and that means a lot of pain and change at Twitter. Every change need not make it front page of HN. The tactics may be new, but the strategy is as old as it gets.
Twitter's share price was only so high because some idiot promised to pay 44 billion dollars for it.
* SNAP is -87% from 2021 peak
* META is -75% from 2021 peak
* PINS is -70% from 2021 peak
* TWTR was acquired for -30% ($44B) from 2021 peak, -70% to -80% gives us $12-18B valuation sans Musk.
Twitter was unprofitable, but people generally accept that for companies with consistent user growth. The valuation without Musk would likely have been around $25B to $35B. "$10B" is the fundamental DCF valuation, which isn't what anything is traded at these days, even after the tech crash.
July 1st, 2021 to April 1st, 2022
* TWTR: -42%
* META: -37%
* SNAP: -44%
* PINS: -69%
So is Twitter.
https://www.reuters.com/technology/exclusive-where-did-tweet...
All the usual business calculus kind of goes out the window when you have a single owner that only needs to stay afloat and may not care about maximizing profit or value.
That said, it is likely that he want to make a profit, at least on an annual basis, if not overall ROI
Can he actually off the debt without endangering his other businesses? Do you really think 1 billion yearly loss is something he can be comfortable with? His worth is in propery and businesses mostly, he does not have it sitting in a bank. That is the thing. He needs to maximize profits in order to ... not be in huge loss.
Like, yeah, this is political project of his and it is both celebrated (by political side that gains by him owning it) and yelled about (by political side that is about to be pushed away from there) for political reasons. But, that does not mean he can have it as complete looser - if nothing for ego reasons.
And his initial moves are moves of someone desperate to save some cash and panicking.
Yeah, I think he could realistically run twitter as a non-profit if we wanted, and eat the cost until he died. He owns half of SpaceX worth ~125 billion, and could sell $1 billion per year indefinitely without losing control.
The reality is that he obviously doesn't want to have twitter as money sink (reference intended).
He is no stranger to losing vast amounts of money in the short term, so I personally don't think panic is driving his behavior. Rather, I think this is simply what a hostile Elon takeover looks like and how he operates. That is to say, like a bull in a china shop with full media coverage.
There will be flailing, bold claims, pivots, mystery, and intrigue. Underneath that, the real work will be a radical restructuring and gutting of the existing corporate culture.
I say this as someone whose been a big tech co employee my entire life and who has seen how easily 10 or 20 million gets spent. I have also seen how easily a million gets thrown out here or there for vendors to do some data analysis work, or even worse, create shiny powerpoint slides to present to higher ups.
Remove a layer of management, stop all the outsourced make-work, and you may end up halfway there to saving 200 million.
I guess I should have stated that Twitter could have been profitable awhile back, and it was likely a choice they made to not be. Not sure why they made that choice, and it seems like everyone who does know why no longer works there.
My overall point was that large corporations have a lot of waste in them, entire teams dedicated to making shiny dashboards for execs who only ever look at them once or twice a year, or, something I saw at Microsoft, hiring vendors to write software, and also hiring another vending firm to manage the first vending firm. (Because MS, despite being filled with program managers and software developers, wasn't set up at the time to do short term projects so the easiest solution to that organizational problem was to flush a few million extra down the tubes...)
Twitter is a 75% squeezed lemon, has some life in it but Musk is set on wasting it thinking it is a staple like telephone / email is.
TSLA is down ~45%. Elon sold 15B of Tesla stock to finance the deal and presumably 11B of other assets.