Tech is facing a reckoning, not a recession

Re:Tech is facing a reckoning, not a recession by bediger4000 on Saturday June 17, 2023 @09:57AM (#36370193)

> And much like Twitter, Reddit has remained valuable not because of any amount of venture investment, but because of millions of users that choose to post there for free.

That's the money quote from the article. It's also true of stack overflow, and flickr and Tumblr. That's what Elon and spez miss. Why do they miss this? Is it arrogance or a genuine blind spot?

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Re:Tech is facing a reckoning, not a recession by x86x87 on Saturday June 17, 2023 @12:57PM (#36372008)

Arrogance. They know better!

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Re:Tech is facing a reckoning, not a recession by bombadil44 on Saturday June 17, 2023 @01:35PM (#36372377)

As long as they're getting enough user engagement, which drives ad revenue, they don't care.

Apart from the Reddit protests (which they will just force an end to by replacing mods) has there been any objective evidence of engagement or number of active users going down on Twitter or Reddit so far?

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Re:Tech is facing a reckoning, not a recession by bediger4000 on Saturday June 17, 2023 @06:42PM (#36375482)

I thought Twitter user numbers had dropped at least some. I mean even Elon acknowledged that ad revenue was down and user numbers have to affect ad revenue.

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Re:Tech is facing a reckoning, not a recession by bombadil44 on Saturday June 17, 2023 @08:03PM (#36376015)

I'd heard that it was because certain advertising partners had pulled out of Twitter for various reasons.

You're probably right that user numbers could be having an impact there as well, but I haven't seen any sources that are showing direct evidence that they have dropped

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Re:Tech is facing a reckoning, not a recession by jacooper on Saturday June 17, 2023 @02:41PM (#36373130)

I mean it worked for twitter, mastodon didn't do anything to twitters reign, it just lost its users goodwill.

Maybe the new Meta clone is the one to actually compete with Twitter.

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Re:Tech is facing a reckoning, not a recession by DayDollar on Saturday June 17, 2023 @03:00PM (#36373358)

Cause society never appears in the heroes tale of one man doing the impossible, besides as a choire invisible of doubters.

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