If I were to make a graph of the amount of time I spent on Twitter, it would have started at the founding of that service, peeked in 2015, gradually declined until 2019 and then plumuted.
As NASDAQ noted, Twitter isn't really profitable. And how can it be? How can you base your business on something that might suspend your account based on the opinions of its far, far left employees?
Satire site, Babylon Bee, was recently banned for making a satirical post about public figure, Rachel Levine, the trasngender assistant secretary of health. Making death threats against conservatives is rarely punished. President Trump's Twitter account is gone while Kathy Griffin, who famously called for violence against President Trump remains.
How can anyone seriously look at Twitter as a viable platform when the rules are always in motion and enforced so capriciously?
It's only a matter of time before Twitter is gone. And I suspect the world will be better for it.
You could try your luck here.
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No thanks.
The only value of Twitter for me was that it was a one stop shop for the absolute latest info. It started out as a universal messaging app. Now it’s just a crippled forum.
I have received a fair amount of entertainment value from following certain Twitter accounts but have never had an account myself. With those limited exceptions, it's pretty much a load of garbage.
Can't say I'm enough of a twit to tweet....
So Griffin posted a picture of her holding the head of Trump. Trump incited a bunch of morons to try and overthrow the government based on a bunch of lies he was spreading about losing the presidential election. Trump was president at the time. I think that's far worse than what Griffin did. Also 99% of what Trump posted on Twitter was lying about this and that.
I agree that the "woke" movement has gone too far and it is now alienating groups rather then bringing people closer together. Its intentions were good but it got lost in its movement.
I think people are starting to see this because more and more often the word "woke" is being used to insult certain brands rather then promote. Twitter is one of the brands that is "woke"
Maybe twitter will last, myspace is still going.
Maybe that's because right-wing postings are 95 % fake-news and lies. Why should any decent platform tolerate that? If You want that, You should stay with facebook.
This is true!
Facebook is actually starting to decline as well, the social media that is on the rise is Instagram and tiktok. Neither of which I use that often, I must fall in the wrong age group.
For me I like the sturdiness of forums. Better communication for focused topics, less talk about dinner plates.
Twitter has always seeemed twitty. I still remember when i most used the service was to following back and forth comments between certain actors that was entertaining but i think most famous people use it as an echo chamber and something to do when bored. It wont be missed.
Too right mate forums have the power of communication they far out rank any other communication platform when it comes to proper online conversation. For voice i consider Teamspeak as the best platform due to it having a proper server log and the configurability of codecs.
Twitter Inc
Today's Marketcap 31 billion
Revenue $5.08 billion (2021)
I gave up all Social Media except for YouTube (I need to laugh sometimes) and Reddit (To follow my interests).
When you are powerful enough to shutdown everything that is not you and can continue your agenda unopposed, then....
...Well there are words I will not utter here.
Have a good day.
Now do profit.
So it depends. If you own the platform and you have rules that you have set forth then you can do what you want. You can ban anyone you choose to.
Let me say that some of the people who have been mentioned in previous replies are serial liars. These lies can cause a lot of harm. What I'm getting at is the big lie. I assume by now everyone is familiar with this method and who originated it and who has been using it in contemporary times.
Let's go back to the first thought and here's an example. Frog Boy mentioned Trump. I've seen where Jafo has shut down threads that got political. I don't see that happening here because Frog Boy owns this forum! It's okay to bring politics into this if it's your forum.
He owns the sandbox and makes the rules, but bans aren't on whim. Neither are the rules. One doesn't shoot one's own foot, after all.
Thanks Brad, for bringing this topic. We live in an interesting time I would say.
There's no annual report for 2021 on the site, however there was a net loss in 2020, but as far as I could read from the notes it's an accounting issue (literally they said that "In 2020, we recognized a provision for income taxes of $1.10 billion related to the establishment of a valuation allowance against deferred tax assets of a foreign subsidiary").
https://s22.q4cdn.com/826641620/files/doc_financials/2020/ar/FiscalYR2020_Twitter_Annual_Report.pdf
Operational figures however shows that while revenues are increasing, but cost, including R&D costs (probably software and AI) and costs of revenue (probably staff costs as well) are increasing as well.
Given that the main source of revenue is advertisement, we can assume that the drivers should be as simple as number of active users and prices they set for advertisers.
I think it would not be wrong to to assume that number of active users does not increase (they stopped reporting the numbers, and there was some plateau in the figures before that). Also it would be at in line with an assumption that people are losing faith in the platform, however it's still a hypothesis.
Edit: In fact I was wrong, they switched from DAU to mDAU metric, and according to the reports the number of mDAU is also growing, but at a slower pace than before:
https://www.statista.com/statistics/970920/monetizable-daily-active-twitter-users-worldwide/
Although the new metric looks a bit synthetic, so how exactly they calculate is not known. And there was decline in DAU before they switch to mDAU in early 2019.
I did not do the proper math, but it's still valid assumption that since mDAU is relatively stable, and revenues increase, it should be the prices that drives them now.
BTW, I guess the initial point is also quite clear - so called "big tech" are no longer pretending to be platforms, they are editors and media and now openly admit this. How it would affect their business only time would tell.
P.S. I'm sorry if my wording was not entirely accurate - English is not my native language, and I have not had enough practice in recent years.
[quote who="DrJBHL" reply="19" id="3844245"]He owns the sandbox and makes the rules, but bans aren't on whim. Neither are the rules. One doesn't shoot one's own foot, after all.
To clarify it's not about one person against another. It's the bigger picture. I'm sorry, but it is my opinion that if people believe the ones 'making the rules' are always correct and the ones getting shut down are always the liars need to take a good long look in the mirror. What's even more disturbing is that some may agree with my opinion but do nothing for the sake of personal convenience. To me this is the Elephant in the room.
I'm not here to pick sides or go down rabbit holes. I am just one of many sick and angry with the direction this world is heading. I teach my Son on any subject to look at all sides before coming to conclusion because I want him to be fair, centered and truthful.
That brings us to the reality of Fact vs Fiction and which one you choose.
I think it is more about respect.
Frogboy bringing up his feeling towards right wing censorship on twitter isn't actually considered offensive. It doesn't single out any groups, not really. He is just asking for fairness.
Things like saying "all left wing people are communists" or "all right wing people are fascists" is when you start getting offensive. The things that get shut down are when people start flinging mud at someone that thinks differently then themselves.
Good example of Fact vs Fiction. Which is it?
You can't be serious. I'm wasting my time here.
I did a google search for this data.
I use this as an example that revenue may be more important than profit for a period of years.
On July 16, 1995, Amazon officially opens for business as an online bookseller. Within a month,
the fledgling retailer had shipped books to all 50 U.S. states and to 45 countries.
The company finally turned its first profit in the fourth quarter of 2001: $0.01 (i.e., 1¢ per share),
on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
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