Yo for real, what’s up with all these social media sites literally shooting themselves in the foot as we speak?.
Youtube planning to antagonize adblock users and limiting video watching, Reddit killing itself with bureocracy style and now Twitter doing this shit. Hopefully shit sites like TikTok or Facebook jump on the wagon too.
For reddit at least, The money from VCs dried up. They have to monetise fast or go broke.
Elon way way way overplayed for Twitter and the company is hemorrhaging money paying the loans he took out to pay for the purchase.
Google in general is in decline. Ad sales are down as the net becomes SEO’d to death. Marketing teams just aren’t willing to pay for Google ads like they used to since the roi isn’t there anymore.
But there are so many ways Reddit could have played this better. It wasn’t just about monetizing. The API changes were in bad faith and meant to kill 3rd party apps without flat out doing it. Users would have been understanding if they charged a reasonable amount of started injecting ads into the API feeds, but instead they went full aggro and disrespected not just the devs working to make their platform better, but the users as well. If they wanted 3rd party apps to show their ads or charge a fee to remove ads I would have been understanding, but because of the disrespect I’ve dropped them.
In general, i agree with your post, but GOOG is up ~ 30% in the last 6 months. Specific parts of Google may be dwindling but their overall business is thriving right now.
The stock is not the company, that’s important to remember. The PE ratios for tech companies are totally out of whack compared to basically any other company.
Google stock is doing ok in part because they have Bard which means they’re participating in the AI boom. I think that’s going to turn out to be mostly hot air, but in the meantime it’s helping a small number of companies stay afloat
I really hope this the end of an era of milking the users for data and then selling that for ad money. Twitter and Facebook are switching to a subscription model, but I’m not so sure it’s actually going to reduce the amount of data they try to get from everyone.
Twitter successfully sold itself to a private investment firm for over market value. That’s the dream for tech startups and never-made-a-profit digital services.
Anyone still using Twitter is an addict or a boomer, but that’s exactly the audience that Musk wanted to purchase.
Yo for real, what’s up with all these social media sites literally shooting themselves in the foot as we speak?.
Youtube planning to antagonize adblock users and limiting video watching, Reddit killing itself with
bureocracystyle and now Twitter doing this shit. Hopefully shit sites like TikTok or Facebook jump on the wagon too.For reddit at least, The money from VCs dried up. They have to monetise fast or go broke.
Elon way way way overplayed for Twitter and the company is hemorrhaging money paying the loans he took out to pay for the purchase.
Google in general is in decline. Ad sales are down as the net becomes SEO’d to death. Marketing teams just aren’t willing to pay for Google ads like they used to since the roi isn’t there anymore.
But there are so many ways Reddit could have played this better. It wasn’t just about monetizing. The API changes were in bad faith and meant to kill 3rd party apps without flat out doing it. Users would have been understanding if they charged a reasonable amount of started injecting ads into the API feeds, but instead they went full aggro and disrespected not just the devs working to make their platform better, but the users as well. If they wanted 3rd party apps to show their ads or charge a fee to remove ads I would have been understanding, but because of the disrespect I’ve dropped them.
That plus their own app being abysmal. The official Reddit app is a terrible experience without the necessary features of the old ones
In general, i agree with your post, but GOOG is up ~ 30% in the last 6 months. Specific parts of Google may be dwindling but their overall business is thriving right now.
The stock is not the company, that’s important to remember. The PE ratios for tech companies are totally out of whack compared to basically any other company.
Google stock is doing ok in part because they have Bard which means they’re participating in the AI boom. I think that’s going to turn out to be mostly hot air, but in the meantime it’s helping a small number of companies stay afloat
I really hope this the end of an era of milking the users for data and then selling that for ad money. Twitter and Facebook are switching to a subscription model, but I’m not so sure it’s actually going to reduce the amount of data they try to get from everyone.
Twitter successfully sold itself to a private investment firm for over market value. That’s the dream for tech startups and never-made-a-profit digital services.
Anyone still using Twitter is an addict or a boomer, but that’s exactly the audience that Musk wanted to purchase.
The world is starting to wise up to the fact that online advertising is nearly 100% fraudulent so they aren’t buying online ads as much.