That's what's so weird about the stock market. Of course analysts are trying to come up with advice like buy, hold or sell ratings based on future revenue, profit, cashflow and stuff like that. But at the end of the day it all comes down to demand and supply of stocks. So greed, fear, hype and popularity play a big role and stocks can easily be manipulated by the big players. It's crazy to think that stocks of major corporations like Ford and Cisco Systems barely move, while crap like Reddit, GameStop and Trump Media can easily climb a few dollars per day, based on nothing.
TMTG, Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million https://variety.com/2024/digital/news/trump-truth-social-media-q1-2024-revenue-net-loss-1236010937/
Signal’s Meredith Whittaker - AI, Tech-bros & Social Media https://techcrunch.com/2024/05/24/s...-security-clash-and-the-edge-lords-at-openai/
Holy crap, is this some joke? How can such a company even be listed on the stock exchange? I'm guessing the $300 million loss is because Trump needed to cash out, or what? Let's hope this won't result in yet another court case LOL.
TikTok offered an extraordinary deal. The U.S. government took a pass. https://www.washingtonpost.com/tech...9.DgdWa2wf7yaiVFuybiYvMOw8ajrXfWXkSg-vejF8S8Y Paywall lifted - hope it holds. The deal TikTok has with the Chinese government is an unknown. It may be very much like the one offered to the US!
Elon Musk's X ... officially allows x-rated content https://mashable.com/article/x-twitter-adult-content-policy
I suppose it won't allow explicit content. I noticed that in the last 6 months or so, Instagram and YouTube also allow nude content, I won't lie, I follow many of these women, I mean why not.
AIs are coming for social networks Social media is about to get a lot weirder. https://www.theverge.com/2024/6/18/24181196/butterflies-app-ai-chatbots-social-media
Threads users can now share to the open social web, aka The Fediverse https://techcrunch.com/2024/06/25/a...are-to-the-open-social-web-aka-the-fediverse/ Note: though not available to EU users
Telegram says it has ‘about 30 engineers’; security experts say that’s a red flag https://techcrunch.com/2024/06/24/experts-say-telegrams-30-engineers-team-is-a-security-red-flag/
Elon Musk’s X set to get more warnings from EU https://readwrite.com/elon-musks-x-set-to-receive-further-warnings-from-eu-regulators/ Warnings will unlikely move Musk - fines also mean nothing to him.
noplace, a mashup of Twitter and Myspace for Gen Z, hits No. 1 on the App Store https://techcrunch.com/2024/07/03/n...myspace-for-gen-z-hits-no-1-on-the-app-store/
Elon Musk calls for “criminal prosecution” of X ad boycott perpetrators https://arstechnica.com/tech-policy...nal-prosecution-of-x-ad-boycott-perpetrators/ Actually it is all about 'the placement of ads'. Not a boycott of all ads on X. Advertisers do not want their products surrounded by a flurry of racist rants. X is primarily a platform for this content and it is not moderated.
Meta’s Testing AI Comment Summaries on Facebook https://www.socialmediatoday.com/news/metas-testing-ai-comment-summaries-facebook/721545/ The good news: you can disable it (the 'how to' is in the link).
Social Media Is Junk Food for Information Foragers Why are we so captivated by the social media experience? https://www.scientificamerican.com/...oits-our-evolutionary-desire-for-information/
The loss of science on Twitter https://bylinetimes.com/2024/01/16/elon-musks-war-against-science-evidence-and-objective-truth/ FYI: There are many articles about what is happening on X right now, but most delve into Musk's personal political activities. These are not articles suited to this forum though many have a huge impact on X as a social media platform. The bottom line is that the platform is hemorrhaging users and money and is not attracting new users.
Reddit Will Soon Try Out AI Summaries (and Maybe Paywalls) https://lifehacker.com/tech/reddit-testing-ai-summaries Paywall 'certain subreddits' could lead to yet another lockout by some volunteer moderators and users.
I will never understand how the richest man on the planet, also turns out to be one of the dumbest. Everyone knew that he was overpaying when he bought Twitter for $44 billion. He will probably never get a return on the investment.
He will for sure lose this battle because he breaks his own rules on Twitter. https://www.yahoo.com/news/elon-musk-shares-manipulated-video-194100020.html
