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I'm not the greatest Musk fan but IMHO his approach to charge those who benefits from Twitter is spot on and I'm actually rooting for him to be able to find a v
by mrtksn 4y ago
I'm not the greatest Musk fan but IMHO his approach to charge those who benefits from Twitter is spot on and I'm actually rooting for him to be able to find a viable business model which does not rely on selling my attention to highest bidder.
If you are going to influence people, pay for the reach and If you are going to mine data, pay for the data. I guess the exact pricing can be adjusted according to the market needs but I agree with the paid access approach.
- 8note 4y agoThe reach and data aren't twitter the business' to exchange though, it's the Twitter community of users
- 1270018080 4y agoThey could make even more money if they charged $84k per month! Genius business model.
- randlet 4y agoNot sure if it's true in this case but in many cases charging double and halving your customer base is a win I think.
- kube-system 4y agothat depends on the demand elasticity.
- bigbillheck 4y agoThat wouldn't be the weed number tho.
- harvey9 4y agoI think Twitter will sell your attention in addition to other revenue streams, given the chance.
- code_runner 4y agoThey’ll chase anything that makes money but if the ONLY source of money is our attention etc… that’s a worse spot right?
- harvey9 4y agoIt is for Twitter. Our attention is a synonym for showing ads. If advertisers step away because they got nervous about the behavior of the new owner then it's better for Twitter to have other sources of income than not.
- addisonl 4y agoExactly, your attention is always going to be sold to the highest bidder—that won't change. Now you just get worse 3rd party apps and integrations. Interesting to see the attempt to spin this as a positive.
- lowercased 4y agoif the integrations and overall experience is worse... won't that mean there's less attention (and possibly less quality attention) to be sold?
- croes 4y agoAnd if collect data, pay for that too. When does Twitter start paying it's users who produce the data?
- codetrotter 4y ago> When does Twitter start paying it's users who produce the data? Never. Having a business in the capitalist system is about maximising profits. Musk spent ~$44bn USD or so to buy Twitter (and tried to back out of the deal too). Do you really think Twitter is gonna fairly compensate any of the users any time soon? You’d be better off migrating to Mastodon. Maybe some instance in that ecosystem will figure out how to use crypto for good, and to compensate its content creators.
- aliswe 4y ago> Do you really think Twitter is gonna fairly compensate any of the users any time soon? Yes, if it makes business sense to do so. Like it does for content creatos.
- mrtksn 4y agoThe free users remain being the product though, don't we? We are the reach and the mined so the company can sell that but at least maybe there's a chance of not being interrupted. Ideally, everyone would pay to use the service and nothing would be mined for manipulation but that world is hard to imagine in 2023.
- code_runner 4y agoLike it or not the service being available is the payment. People clearly already want to use it
- _boffin_ 4y agoLol what? Can you please explain your thinking on this unless you were just trying to be funny.
- MuffinFlavored 4y ago> When does Twitter start paying it's users who produce the data? Why do those users choose to produce data for Twitter/on Twitter for free?
- giancarlostoro 4y agoFully agree, I just wish I knew who these people are, because clearly he has looked at some data that suggests they'll pay up, or his hosting costs will be significantly lowered.
- code_runner 4y agoI’m not convinced Elon uses a lot of data in decisions like these. This might be just an arbitrary number to start negotiations from.
- anigbrowl 4y agoAcademics don't resell the data to others. In fact, their existing agreements with Twitter requires their published datasets (for reproducibility) to be anonymized precisely to ensure they don't become a commercial goldmine. Given that most of the article is about the pricing tiers for academic use, based on marketing communications to universities, your comment seems strangely indifferent to the context of this news. These proposed costs are unaffordable precisely because academics are not running a business around the data. If the article were about enterprise data sales, your point would make sense.
- mrtksn 4y agoAcademic work has all kinds of costs, why should data be free of charge?
- andrejguran 4y agodoesn't have to be free but with every increase there will be less research that can afford to pay for the data and with the proposed pricing of $500.000 for 0.3% of tweets it seems that no-one will be willing to pay the price
- viscanti 4y agoHow many researchers can and will pay $42k per month for access? What's the market size here? Is this anything more than a drop in the bucket for Twitter?
- mrtksn 4y agoI don't know but it's theirs to sell and find the right price. > Is this anything more than a drop in the bucket for Twitter? I don't know, Twitter were selling office furniture and cutting on the food on campus. So maybe it's not just a drop in the bucket after all?
- optionalsquid 4y agoAs you say, Academics are pretty used to paying for access to data, services, material, etc., but $42k-per-month for limited access to Twitter sounds more like a "fuck off" price than anything else.
- piqi 4y ago> ...find a viable business model which does not rely on selling my attention to highest bidder. They'll do both.
- polishdude20 4y agoExcept twitter won't pay the people who have created the data in the first place. So it's stopping short of actually paying your dues.
- RobRivera 4y agoI dont expect to be paid for my content creation on facebook or instagram. Yt, for sure. I think it is fair to say this is a moving topic
- deleted 4y ago[deleted]
- nitwit005 4y agoThe difficulty is, people can still scrape the data. That data scraping is likely to cost Twitter more than the API did, as they have to serve up the full page. Yes, you can try to block people doing that, but historically people haven't succeeded.
- WXLCKNO 4y agoI, for one, will scrape Twitter relentlessly.
- poolopolopolo 4y agoscrapping data at scale is much harder that you are making it sounds like. Especially is the company is trying hard to prevent that. Much cheaper just to pay for the api.
- nitwit005 4y agoLinkedIn tries hard to prevent scraping, but there are third parties doing it, and then re-selling it. Each user is presumably paying a fraction of what the scraping cost.
- precompute 4y agoIt's expensive because now the real customers are now out in the open: governments. Endless coffers.
- cmh89 4y ago>I'm not the greatest Musk fan but IMHO his approach to charge those who benefits from Twitter is spot on and I'm actually rooting for him to be able to find a viable business model which does not rely on selling my attention to highest bidder. If there is money to be made, he's not going to pass it up. Why not charge and sell your attention to the highest bidder at the same time? It's the literal cable model and it's proven to work for 50 years.
- Avshalom 4y agoyou're opposed to selling your attention to the highest bidder but you think it's a good business model to sell all of "your data" to any "market rate" bidder? you know those are just the same thing right?
- MBCook 4y agoIf drive everyone important off for good with a ridiculous price before “the market adjusts” (Musk changes his mind) you’ve done permanent damage to your operation.
- duxup 4y agoWho makes money off twitter? Maybe a few apps, but Twitter seems to rather they not exist. Anyone else really make any money? Twitter is a weird place, I’m not sure how to make money off of it, or who does that’s would care to pay enough for the service?