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This is all bias, and its a fact defying fiction. It took many years for Twitter to become valuable and has since lost most of that value. It did not become p

This is all bias, and its a fact defying fiction. It took many years for Twitter to become valuable and has since lost most of that value. It did not become profitable until 2018 and then became negative again in 2021. https://www.businessofapps.com/data/twitter-statistics/ https://www.businessofapps.com/data/twitter-statistics/ Twitter usage is also way down, but most analysts stopped using things like account numbers, message quantity, and visitor counts to account for any real concern years ago because most of it was determined to come from bots. Twitter popularity is illusory. Its a broadcast system that the majority of its users, whether people or bots, solely sought to exploit for offsite metrics.

wbl 2y ago
Consumer surplus isn't captures. It was very amusing to see the accidental live tweeting of the OBL operation by some guy who heard helicopters. Twitter crowdsourced analysis of ISIS propaganda lead to at least one airstrike. Facebook can't say that.
diggan 2y ago
> Twitter popularity is illusory. Its a broadcast system that the majority of its users, whether people or bots, solely sought to exploit for offsite metrics. Regardless of what you think people used Twitter for, there are real-world consequences from people using Twitter to communicate with each other. The Arab Spring is probably the biggest example for that, where people used it for activism, while the governments tried to ban it and survive the uprisings happening all around the Arab world. The use of social media (and Twitter specifically) is well studied as well, in case you're open to learning more: https://scholar.google.co.uk/scholar?hl=en&q=arab+spring https://scholar.google.co.uk/scholar?hl=en&q=arab+spring
chrisco255 2y ago
I'm talking about popularity, not profitability. These are two vastly different things. That Twitter failed to convert its platform to become the advertising behemoths that Google and Facebook are is a failure of its business strategy and execution. The social network itself remained extremely popular and from your article: > Twitter has 421 million monthly active users, adding 20 million in 2023 It's as popular is its ever been, however, there's been some rotation in demographics I suspect.

wbl 2y ago

Consumer surplus isn't captures. It was very amusing to see the accidental live tweeting of the OBL operation by some guy who heard helicopters. Twitter crowdsourced analysis of ISIS propaganda lead to at least one airstrike. Facebook can't say that.

diggan 2y ago

> Twitter popularity is illusory. Its a broadcast system that the majority of its users, whether people or bots, solely sought to exploit for offsite metrics. Regardless of what you think people used Twitter for, there are real-world consequences from people using Twitter to communicate with each other. The Arab Spring is probably the biggest example for that, where people used it for activism, while the governments tried to ban it and survive the uprisings happening all around the Arab world. The use of social media (and Twitter specifically) is well studied as well, in case you're open to learning more: https://scholar.google.co.uk/scholar?hl=en&q=arab+spring https://scholar.google.co.uk/scholar?hl=en&q=arab+spring

chrisco255 2y ago

I'm talking about popularity, not profitability. These are two vastly different things. That Twitter failed to convert its platform to become the advertising behemoths that Google and Facebook are is a failure of its business strategy and execution. The social network itself remained extremely popular and from your article: > Twitter has 421 million monthly active users, adding 20 million in 2023 It's as popular is its ever been, however, there's been some rotation in demographics I suspect.