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Pretty sure this is going to be investigated by the SEC. It's pretty insane though, though pretty much everyone I saw commenting on this twitter blue issue thou
by jerojero 4y ago
Pretty sure this is going to be investigated by the SEC. It's pretty insane though, though pretty much everyone I saw commenting on this twitter blue issue thought of impersonation as the first thing that would happen when you gave people access to an 8 dollar checkmark.
I mean, the writing's on the wall. I don't think this was Elon Musk being a mega brain, I think Elon Musk and his friend Calacanis which, btw, how could he take his advice after those desperate texts he had been sending, think they know better. It's simple as that, they think they know better, they think they have the answers. But they don't, and it's showing.
Twitter needs to be run responsibly, and believe it or not, the constraints of being a public company were restricting the company reasonably. It was not the most profitable, it had problems with bots, it definitely had problems with driving engagement through hatred (though, arguably, this might have been a good thing for the business)... but it was relatively stable. Now those constraints are gone but instead of improving the perverse incentives that plagued the platform Musk is trying to monetize the company in irresponsible ways.
One funny thing is that Musk keeps tweeting about how twitter is as active as it has ever been, and I'm not sure if he knows this but chaos is not always desirable. If you drop a bee's colony you will for sure see the most activity in the colony right before the bee's sting you to death and either die or move to a new colony.
- adam_arthur 4y agoThe semantics of the checkmark has changed… it no longer implies that the account’s identity has been verified. The mistake was not changing the checkmark visual to something else. And clearly some brand verification is necessary as a secondary measure. A second paid tier for actual identity verification makes sense
- pigtailgirl 4y ago-- indeed - don't understand why they didn't use a different colour for authentic account vs verified account - marketing? --
- jerojero 4y agoI'm pretty sure the whole point of the policy (looking at what Elon Musk had been tweeting) was to "democratize" the feature. Why would anyone pay for a "verification that you can pay for" if it was anything other than the verification everyone knows of.
- superchroma 4y ago"twitter needs to be run responsibly" no it doesn't
- jerojero 4y agoOkay? Didn't we just see the irresponsible usage of it lead to massive stock devaluations in a few days? Or you think damages worth 20B (half of twitter's valuation, btw) are a funny joke? It's clear the influence of the platform is reasonably big and I will quote spider-man here: "with big power, comes big responsibility".
- leereeves 4y ago> Didn't we just see the irresponsible usage of it lead to massive stock devaluations in a few days? No, we didn't. We saw a company lose $20B in valuation for unrelated reasons after (but not because) someone posted a silly Tweet. Actually, we saw many healthcare companies lose value, but no one obsessed with the Twitterdrama noticed.
- deleted 4y ago[deleted]