Friday, November 17, 2023

In Children You Call It ”Selfishness”

 In adults you call it “narcissism.”

The problem with X is not only that there's misinformation and antisemitic content on the platform, and other hateful content as well, but that it's being spread by Musk himself,” says Jasmine Enberg, principal analyst for social media at Insider Intelligence, a market research firm. 
“The brand safety concern for advertisers isn't just about the content but about the platform and the leadership.” Enberg argues that Musk has treated the company like something he could remake in his own image, not understanding that “what he wants and what he seemingly believes is not necessarily aligned with what users and advertisers on the platform want and believe.”
IBM, Disney, Apple (which means the Twitter app may disappear from the Apple App Store), Lionsgate, and the European Commission have stopped advertising on Twitter. A 54% drop in Twitter’s ad revenues is expected this year.

The bottom line: If the venture capital firms don't believe they've invested hundreds of millions of LP dollars with someone who is outwardly antisemitic, and there's plenty to support each side of that question, then they must instead believe they've invested hundreds of millions of LP dollars with someone so clumsy as to not realize when he's endorsing tropes that have been used to justify mass murders of Jews. 
Were this almost any other founder or top executive, there already would have been meetings about demanding an apology. At the very least.
The emperor remains fabulously attired. Call it the “sunk-cost fallacy.”

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