41–50 of 72 posts
The old guard of social media may have reached its saturation point, but there's still plenty of innovation to be had.
Earlier quoted context omitted.
So why would he buy Twitter? No one thinks its going to be a good investment. It was kind of a prerequisite to have shareholders agree to the purchase. There's no conceivable reason for him to spend his time, effort and money in buying twitter apart from his stated purpose. He's going to lose money and time on it. And its a stretch to think his personal wealth or companies will benefit from Musk owning Twitter. So if…
Musk got to #1 in the Forbes 400 by saying things to people on twitter and becoming a techno-utopian cult figure This is like Kim Kardashian buying E! to make sure they can never cancel "Keeping up with the Kardashians". Musk wants to keep rolling his promises into the future in order to avoid people asking them about practical and tangible results in the present, as they have been underwhelming to say the least when…
Not even close. The internet is only available in like 60% of the world. While some platforms may now be saturated given their growth(TikTok, Instagram, etc), you will see new platforms that don't take off for a few years and will feel "fresh" because they aren't saturated quite yet. The old guard of social media may have reached its saturation point, but there's still plenty of innovation to be had.
The total addressable market for social media will grow only slowly now. New platforms will contine to arise, but they will mostly succeed by taking market share from existing services rather than expanding the market.
Not even close. The internet is only available in like 60% of the world. While some platforms may now be saturated given their growth(TikTok, Instagram, etc), you will see new platforms that don't take off for a few years and will feel "fresh" because they aren't saturated quite yet. The old guard of social media may have reached its saturation point, but there's still plenty of innovation to be had.
While this is true, people coming online are not targets for advertisers because they have a very low disposable income/wealth and for the same reason they would never be able to pay if social media transitioned towards that model.
The mental image is something like Facebook be hitting up the IMF to see when Nigerian incomes take off. That is the definition of saturation to me, it's not "web eats the world anymore", but "web paitiently waits his turn like every other industry"
Earlier quoted context omitted.
Musk got to #1 in the Forbes 400 by saying things to people on twitter and becoming a techno-utopian cult figure This is like Kim Kardashian buying E! to make sure they can never cancel "Keeping up with the Kardashians". Musk wants to keep rolling his promises into the future in order to avoid people asking them about practical and tangible results in the present, as they have been underwhelming to say the least when…
You think some tweets did that as opposed to transforming the car and space industries?
You can shake Gates or Bezos hand and say to them that they transform-ed the software and online retail business respectively.
Tesla cars accounts for like 1% of the total vehicles sales occourred globally in 2021.
I remind you Musk has been at the helm of Tesla since 2002, that's 20 years. 1% in 20 years, that's hardly transform-ing either.
The only word which makes sense when talking about Musk (if you want to cut him some serious slack) is "aspirational".
> Twitter is making the transition towards a "free speach" platform Twitter was originally a free speech platform. It transitioned away from that, much to the chagrin of its co-founder. "Twitter stands for freedom of expression. We stand for speaking truth to power. And we stand for empowering dialogue." https://twitter.com/jack/status/651003891153108997 The point is to restore the platform's core value and be a neut…
I mean, if we're splitting hairs, Twitter was originally a way to communicate with friends over SMS in a new way. Following friends would get their status updates delivered to your phone via text message, so you could learn that Suzy was planning on getting drinks at Bar X tonight or that Jim was looking for folks to play disc golf this weekend, without Suzy or Jim texting you individually. Oh, and Twitter also made…
The inertia from that led to today's Twitter, where being on Twitter is nearly a prerequisite if you're a reporter, famous, or otherwise in the public eye, because of the number of users. Even though a high Twitter follower count is worth about as much as Mardi Gras beads, it's perceived as valuable because the Important People on Twitter see it as valuable.
I'm not sure what Musk's endgame is (and I doubt anybody else does either, and I may be including Musk in that), but a privately owned Twitter is probably the best case for the platform, if people want it to continue.
"Web 1 Socials" were built around for purpose communities; forums, irc, etc where like minded people gathered to discuss common interests. "Web 2 Socials" were the bundling of for purpose communities into giant super communities; reddit, facebook, twitter, etc. If this follows everything else that has gone before it on the internet. The next phase will be an unbundling where things go back to for purpose communities…
But this is not a pie getting bigger. It's always the same pie, only the size of each serve as well as the number of serve which changes . That's at least the intuition I get it from the famous phrase "2 ways of making money: bundle or unbundle" that you mentioned. When govt. broke up Standard Oil the pie of oil extraction didn't become bigger, it was just partitioned in a different way.
Smaller communities derive value from addressing the unique needs of their users, better moderation, the unique audience is the value. Each of those communities in aggregate may be more valuable than the previous, one-size fits all mega-network.
I'd expect (or maybe hope for) a stable point with a couple large general networks, and many small, niche gems.
Maybe, but it's hard to say because some of social media is trend-based. People want to connect to each other, but they also want novelty in how they do it. After they get bored writing on each other's walls, they want to try writing 160-character quips for public consumption. And when they get bored of that, they want to try taking photos and sharing them. And when they get bored of that, they want to try trading sh…
OK, given you're correct then how do people's lives compare now with those in the past in the pre-social media days? We shouldn't forget that for all of history until the recent advent of social media individuals had to 'connect' in different ways and that they were somehow successful in doing so—or civilization/society wouldn't exist. In the past, novelty wasn't much of an option as people had very limited choices w…
Maybe, but it's hard to say because some of social media is trend-based. People want to connect to each other, but they also want novelty in how they do it. After they get bored writing on each other's walls, they want to try writing 160-character quips for public consumption. And when they get bored of that, they want to try taking photos and sharing them. And when they get bored of that, they want to try trading sh…
OK, given you're correct then how do people's lives compare now with those in the past in the pre-social media days? We shouldn't forget that for all of history until the recent advent of social media individuals had to 'connect' in different ways and that they were somehow successful in doing so—or civilization/society wouldn't exist. In the past, novelty wasn't much of an option as people had very limited choices w…
Not even close. The internet is only available in like 60% of the world. While some platforms may now be saturated given their growth(TikTok, Instagram, etc), you will see new platforms that don't take off for a few years and will feel "fresh" because they aren't saturated quite yet. The old guard of social media may have reached its saturation point, but there's still plenty of innovation to be had.
The remaining 40% of the world is impoverished, or elderly. They aren't going to pay for social media access and are nearly worthless to advertisers. The total addressable market for social media will grow only slowly now. New platforms will contine to arise, but they will mostly succeed by taking market share from existing services rather than expanding the market.