Or were people seriously thinking Threads would completely eat up Twitter's lunch and they could finally announce "the king is dead, long live the king."?
A reasonable chunk of this site has been proclaiming the imminent sudden death of Twitter any day now for any and every reason ever since the layoffs happened.
Well, for me at least twitter is dead since I can no longer visit the site without an account. As someone who used twitter for a decade without an account my twitter usage is now zero since that change.
True, though I think there are some things about Musk that really should be looked at more critically*. Yet we focus on character and hype reality instead.
Threads is still lacking a proper discovery algorithm, desktop interface, and compatibility with ActivityPub/Fediverse. Desktop viewing currently only works for reading, but not for interacting.
Meta was very tactical about the timing. Each additional main feature will likely bring a new wave of users that stay.
Iirc (can't fins the post) this was predicted by the man running Threads. This is a normal part of launching a new platform with a big brand -- an initial burst of interest then backing off and the question is always how to keep the rest.
The megacorp who actively designed algorithms that boosted content that made people angry, and allowed for third-parties to manipulate their APIs into influencing elections.
Sorry, the point I wanted to make was that without competition, companies have little incentive to improve their products. Sure, Linux rules, the Motorola 68000 was nicer than x86, Beta beat VHS, … in a perfect world,…
We have yet to make a technology that will stand the test of time; Linux is not what humans will use in another 100 years.
Even with competition look at the music industry and content industry churning out piles of shovelware expecting billion dollar box office and massive reach because “that’s how it works”.
It’s not competition that drive’s innovation but public acceptance. Linux sucks for the same reasons the other things suck; nostalgia.
“The market”, us, is accepting rehashes of the same old shit. That’s antithetical to competition; where’s the competition for 32 hour work weeks and universal healthcare that works; mired in economic theory that coincidentally empowers a minority of billionaires we all complain about.
What competition when it’s all “sit still, carry on maintenance value stores of yesteryear.”
I refuse to put on myself obligation to memorize Bloomberg is rich. They’re each just one meat based cassette tape equivocating from memory why I should kowtow to their fiat wealth through narrative I never witnessed take place.
Where’s the real competition in ideas; the old ought to be ingratiating themselves on the youth for obvious reasons rather than the inverse of forcing us to prop them up.
In another life I used to be one of those third parties that scraped social media for usage metrics back when the APIs were much more permissible. I can tell you that when we got to see internal numbers, we were at most 5%-10% off on all our key metrics. Importantly we were consistently off by a similar margin on each metric so overall our data was very high quality for this type of comparison.
I don't think it is sustainable for Twitter to hand out ad revenue site-wide at this point. All they have done so far is to pay out to a small group of people. Musk has said that ad revenue is down 50% and that they are not currently profitable.
On the other hand, handing ad revenue to the worst people on the internet was the final straw to get me to kick my twitter habit again, since at that point not only were the hateful bluechecks annoying, at that point they were actively being funded by my complicity.
It’s entirely possible that Threads never succeeds to the level of Twitter, but still sucks up enough eyeballs and revenue to make Twitter unworkable as a business.
It's possible sure but unlikely. There's a reason why there are countless news channels that span the political spectrum. Just because some orgs jump ship from Twitter, doesn't mean that all of them will, and there will be some orgs who tolerate it.
Twitter has a large user base who just use it because it has 500M daily active users.
Not every user is the same from a revenue perspective. I find Threads to be obnoxious because it's full of boring athletes and influencers, rather than interesting scientists and people writing sarcastic jokes. But (based on the advertising on network TV) I'm willing to accept the possibility that there might be more money in advertising to the kind of audience that likes athletes and influencers than in advertising to weirdos like me.
All it takes is for a solid chunk of the high-revenue "boring mainstream" audience to exit in order for Twitter to be permanently damaged as a revenue-generating enterprise, even if it still has lots of users. (And as a Twitter addict I think that would be sad! Not sure why the downvotes over a legitimate concern.)
Or were people seriously thinking Threads would completely eat up Twitter's lunch and they could finally announce "the king is dead, long live the king."?