Twitter Holocaust

[Ph64]

Twitter's stock up 10% today. Corporate masters approve.

What's funny is that their quarterly/yearly reports usually list "risk factors", one of which is the challenge to grow their user base - which actually has declined since last year, affecting ad revenue which is their primary source of income, mindless that in their entire history they've never turned a profit. Continual cash burn only propped up by VC (and stock dilution?).

They've been trying to find a buyer/takeover company and all the potentials have declined - nobody wants to take on a money losing proposition. Shitcanning users is unlikely to make them a more attractive takeover target.

Patreon recently announced they were going to start charging contributors more - you donated $1 to a patron and they took 5% off what the content creator got, they were going to change it so they'd still take the 5% but would also charge the user another percentage (you donate $1 and they charge you $1.03 or something) - they pulled that back pretty damn quick once people started cancelling their accounts. A few people I've seen have setup accounts on MakerSupport and/or Minds for the people who bailed on Patreon to still contribute. Capitalism at work - fuck people over enough and newcomers will pop up to provide better service.

Look to gab.ai for some of those twitter folks (think there's others popping up too).

[DBTrek]

Didn’t see the Patreon reversal until you mentioned it.
That’s cool.

[TheReal_ND]

Mastodon, Voat, Diaspora, Gnu

Gab is always being DDoS'd by Israel which is kind of ironic because iirc Torba is Jewish

I'm on gab but it gets kind of boring because there aren't many people to troll. Some journalists get bored with twitter becoming an echo chamber and follow internet Nazis to gab though

[Ph64]

Didn’t see the Patreon reversal until you mentioned it.
That’s cool.

I've seen a good 2-dozen comments on YouTube today alone of people saying they closed their Patreon accounts and won't be going back, encouraging the creators to setup MakerSupport as an alternative and they'll donate again there. Several content creators have already, they did it right after Patreon announced the change.

They would've been better off saying they were raising the creators fee to 6% or something than charging the patrons, IMHO - smaller number of pissed off people.

[TheReal_ND]

Patreon won't fund people that aren't PC so Hatreon has popped up. I think Kessler is one of the founders. I listened to a podcast explaining how Hatreon's system works and it's really fucking bizarre. People use it though, whatever. I'm actually surprised Mr Metokur hasn't been kicked off Patreon yet.

[tue4t]

Twitter's stock up 10% today. Corporate masters approve.

meh, it's a failing pile of overpriced garbage. Go read their financial statement - they've been running at a loss for years now. They're not a startup anymore.

A lot of these tech companies are over-rated. Apple included. Buying shares in Apple might as well be buying shares in a bank with their amount of cash reserves.