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Joined 1 year ago
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Cake day: June 15th, 2023

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  • megopie@lemmy.blahaj.zonetoMicroblog Memes@lemmy.worldXitter
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    4 months ago

    He absolutely talked about the sites numbers being artificially high due to bots when he was buying it, even tried to use it to get out of the legal obligation to buy it.

    We’ve also seen his gutting of the moderation system cause a huge influx of bots and bot interactions, not to mention other stuff that advertisers don’t want their ads to be next to.

    Like he really has played him self and is having a temper tantrum at having to face the consequences of his own actions.


  • megopie@lemmy.blahaj.zonetoMicroblog Memes@lemmy.worldXitter
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    4 months ago

    It’s even worse than that.

    It’s like he bought another kids lemonade stand while claiming the other kid was pissing in the jug to make it look like they had more.

    Then pissing in the jug in full view of everyone else to make it look like he had more.

    And then tried to sue passers by for not buying his piss filled lemonade.

    Piss being bots and spam accounts, and the passers buy being advertisers who want actual engagement from users.









  • Leadership at these companies is personally compensated based on how quickly the company grows. They’re trying to maximize growth of the company by absorbing demand from the higher end, but in the process of doing so they end up pricing out the low end of the market, leaving low end consumers under served. They’re growing, they’re leadership is getting compensated better than ever, but now it’s difficult to find affordable places to eat out.

    Theoretically what is supposed to happen in such a situation is new companies come in to take advantage of the gap left, but that’s not really happening because investment is all being focused on higher return opportunities. The low end stuff is still profitable and has potential for growth, but it’s not profitable/growing enough to attract investment over stuff that is perceived to be growing more aggressively.




  • The vast majority of the crypto world failed to understand one key concept, money is not the value for which goods/services are exchanged, it is the value by which they are exchanged. People do not have a use or value for money beyond what it can be exchanged for, if no one is willing to exchange for it, it has no value.

    Crypto only had value as a currency if people would accept it for goods or services, and the only thing people ever accepted it as payment for, in any meaningful capacity, were illegal goods and services. The value beyond that was purely based on a speculative ideological assumption that people would abandon the traditional banking system for a new system that they couldn’t buy anything with.