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Twitter Soars After Surprise Sales Gain, First Real Profit

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Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#61
post #52

Earlier quoted context omitted.

While I expect a lot of people to not agree with what I am going to say, I believe this is much more linked to the political moment than to Twitter having a problem with "handling controversy". This just feels like an excuse to find a way to filter human communication, at this point. Don't get me wrong, I'm a Brazilian and the latest years' politics headlines have been flooding Twitter around here too, but spurious p…

> This just feels like an excuse to find a way to filter human communication Interesting. I've modded a fair amount of communities and the censorship argument to moderated discussion comes up frequently as new rules are implemented. From an online discussion point of view I don't think it holds merit at all. If I run a football board and have a rule that says "no basketball talk" that's my prerogative. As long as it'…

The "evil" associated with censorship scales with the social importance of the medium. Xbox and PlayStation? Those communities could turn in to or do essentially anything and nobody would really be that worried. The entire internet? Now, that would be terrifying.

So, people don't depend on the Xbox network to regulate the social position of Microsoft. We have those discussions on other forums. But, if AT&T started censoring, what would stop them from working with other telecoms to standardise on a CoC where you couldn't criticise them? If you say, "because that would be wrong and people would stop them," then you're back to believing in limits on what it's right for a private corporation to censor.

So, the question is, where should we draw the line? Well, I'd propose that it should be deeply frowned upon to limit any discussions that server any social purpose; pressure release, activism, anything that connects society together and keeps it in sync. Unfortunately, those discussions sometimes use bad words.

By the way, there actually is an important (progressive even) social purpose served by individuals being crude. The bystanders watch, and depending on how the crowd responds to the bad behavior, they adjust their idea of how wrong it is to engage in the behavior. If you were to take bad words and hate entirely out of the information diet of everyone, we would all loose our socal resistance to seeing them. (Note: this is a great argument against filter bubbles as well.)

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#62
In the last two years I've seen a large migration of digital artists off of traditional gallery sites (Deviantart, Artstation, etc) to Twitter as their "gallery". The same thing happened with Tumblr circa 2012-2014, but even those folks are moving to twitter instead of using a dedicated site designed for showcasing art.

I've never had a Twitter account because I'd much rather see ostatus and decentralized networks succeed, and Twitter has never offered anything meaningful in the past, but if this trend continues I'll be stuck signing up there just like I did with Tumblr not to use it as a social network but as a media consumption platform (as was mentioned in the article, video is also growing). Its also similar to how musicians were nigh forced to start using Youtube as their primary jumping off point over Bandcamp and Soundcloud because that was where the eyeballs were.

What kind of backwards world would it be if artists, musicians, animators, etc are all using Twitter as their primary distribution platform just because of the network effects. Same reason Tumblr took off in those circles. It doesn't matter if the UI is lacking even the barest support for effective navigation of media, its all about social bridging and getting into feeds. In my experience about 80% of artists and writers that use Tumblr have their creative works inaccessible because they are buried under a mountain of reblogs and non-content filler posts with limited to no means to filter or navigate them.

I'd hope this trend doesn't continue, but it almost certainly will. Those making a living for themselves through online media are doing so via network effects and memes. Get a breakout success, get into peoples "feeds", and spread through casual retweets and reblogs. Its never about discovery or wanting to find them, its them getting randomly referred to you through the hive mind, and that creates a handful of wildly successful winners and a sea of equally competent and capable creators that never gain any traction.

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#63
post #52

Earlier quoted context omitted.

While I expect a lot of people to not agree with what I am going to say, I believe this is much more linked to the political moment than to Twitter having a problem with "handling controversy". This just feels like an excuse to find a way to filter human communication, at this point. Don't get me wrong, I'm a Brazilian and the latest years' politics headlines have been flooding Twitter around here too, but spurious p…

> This just feels like an excuse to find a way to filter human communication Interesting. I've modded a fair amount of communities and the censorship argument to moderated discussion comes up frequently as new rules are implemented. From an online discussion point of view I don't think it holds merit at all. If I run a football board and have a rule that says "no basketball talk" that's my prerogative. As long as it'…

"As long as it's not government driven, censorship is perfectly fine"

This is sort of begging the question though, since the question at hand in a way is precisely whether that is still a good manifestation of the free speech ideal. A good case could be made that scale critically matters; your tiny football forum of like a couple hundred people can make whatever rules it wants, and anyone who doesn't like it can easily just go somewhere else.

On the other hand, if Level 3, the internet backbone provider, hypothetically started censoring based on the content of what was going through their network, we'd have a free speech problem.

I don't think it's that shocking an idea that Facebook and Twitter are now large enough that they should be obligated to take a very light hand, basically the minimum the government permits, on the grounds that free speech is not something that should be killable by the simple expedient of making as much communication as possible flow through commercial entities, then freely applying arbitrary censorship to the communication because it's a private entity. It isn't even that far of a trip before the government "requires" things of the companies that produce this result with some clever plausibly-deniable requirements, and thus free speech is just mysteriously suppressed even though it's nobody's "fault". If free speech is that fragile, it's materially ceased to be free speech.

I'm pragmatic about free speech, not legally deterministic. I want the effect of free speech, not a legal form of free speech that yet somehow lacks the effects.

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#64
post #47

It's amazing how tech companies and unicorns are valued. If they are losing, the public market or VC's cover their a es and their value stays neutral, and first signs of profit send the stocks to the moon. That is also the behaviour of crypto, but in this case the stocks aren't overvalued to start with, as decades of inflation have done to stocks. Looking from another side, in crypto we haven't developed a sound inve…

How is Twitter a protocol company? Protocol implies open standards, like IRC or SMTP... The only place I can tweet is Twitter.

Agreed. Social companies like Facebook and Twitter started out with open APIs, but closed them as they grew more successful precisely because they don't want to be protocols.

I don't like that, but I get it. The money is in owning the user experience. And it's hard enough to continuously improve your user experience when all the people making that software work for one company. I think one of the reasons email and IRC are losing out to things like Facebook and Slack is that it's nearly impossible to make those things broadly better.

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#65
Rediscovered Twitter for blockchain news.

Why: Subreddits for different tokens/currencies end up being echochambers (but still good resources as long you follow multiple subs). HN rarely shows blockchain stuff and the upvoted ones are often just anti crypto.

Following 30-50 crypto influencers on Twitter provides a good mix.

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#66

Earlier quoted context omitted.

No just cut back on stock options aka a paycut for the staff.

A further quarter of a billion dollars in stock options per quarter is insane when stacked against a $15-$20b market cap. Practically no sustaining public companies operate like that, with that scale of constant dilution.

It'll be interesting to see what that does to their hiring and retention, though. They are competing for people with Facebook, Google, etc. They weren't previously giving out those options to be nice.

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#68
post #44
post #26

Earlier quoted context omitted.

>Twitter loves Trump. Hidden camera investigations[1] into Twitter employees suggest otherwise. [1]: https://www.youtube.com/watch?v=64gTjdUrDFQ

Ah yes... this guy https://www.washingtonpost.com/news/post-nation/wp/2017/11/3... Great source.

Being hated on the basis of something one says is a good heuristic for me, as a free speech advocate, to decide whether or not I respect someone for their courage. So long as someone says something they think is important. Perhaps you do not agree with their journalistic methods but you're attacking the messenger and not the idea presented.

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#69
post #18

Twitter loves Trump. It's not just twitter... the whole profit center around online communities is based on active communities. Most topics are cyclical - once the Superbowl is over, it's hard to keep a football community active. Only so many people are interested in the draft, in coaching changes, etc. But throw in some controversy and all of a sudden everything lights up again. The problem, or _a_ problem, is that…

I don't think this is an explanation for the current status and gains of Twitter. Trump has been president for over a year, and has been a prolific tweeter for far longer. If anything, Trump tweets are less novel and more common place then they've been to date.

Re: Twitter Soars After Surprise Sales Gain, First Real Profit

#70
post #66

Earlier quoted context omitted.

A further quarter of a billion dollars in stock options per quarter is insane when stacked against a $15-$20b market cap. Practically no sustaining public companies operate like that, with that scale of constant dilution.

It'll be interesting to see what that does to their hiring and retention, though. They are competing for people with Facebook, Google, etc. They weren't previously giving out those options to be nice.

And instead of paper options they will have to increase real $ - part of the problem for them is the way options are treated from an accounting perspective when in fact not all options get exercised.
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