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Soon enough this will actually happen. There’s no way they won’t try to pull this shit.
They should use emeralds like those dug out of his dad’s emerald mine
If I used Twitter this would be depressing, but I don’t so it’s hilarious.
Emeralds instead of gems would be more appropriate.
“Daddy’s emeralds” is even more accurate.
I was going to say the exact same thing.
I was thinking DOGE rather than GEMS but Emeralds works too!
Doge might be confusing because Dogecoin is a thing and IIRC it’s super cheap (which Daddy Elon’s tweets ain’t).
That’s the joke, Elon did a pump&dump with Dogecoin
I was thinking DOGE rather than GEMS but Emeralds works too!
Nice
Or go touch grass
The $4.20 is absolutely something he would do.
Touch grass tokens
Literally pay to lose
Spez taking notes for Reddit 3.0
You have to remember, most apps and sites all boomed around (roughly) the same time.
I think it’s a mixture of two things I saw other commenters say: investors demanding constant growth (I’m not one of those rabid anti-capitalists, but this cutthroat unforgiving attitude of boards and investors is NOT sustainable), and the other factor is these sites/apps focused on finding their niche and building an audience/userbase first and worried about monetizing second.
Since websites and apps all had the same start point just a couple of decades ago (for the oldest sites), it’s not a huge surprise they’re all running into the same dilemmas around roughly the same 5 year time span.
If I had to hazard a guess, I’d wager we’ll see a few major companies rise up, build a huge audience, screw up the monetization, and drive everyone scattering to smaller sites/apps. Then in a few years one of those smaller apps has a good run, rises to the top, pulls all the users that were previously scattered, and then botches their own model eventually, scattering the users again. Rinse and repeat. Just my thoughts though
Something I read someone else here on Lemmy, but which is a good point, is the fact that there aren’t that many investors around anymore. Boomers are slowly dying out and Millenials don’t have that much money (Gen Y even less so). All of those social media apps were/are running at a loss for a long time before eventually becoming (barely) profitable, needing a steady stream of investors chasing the potential value of the app to stay afloat.
Saudi Arabia are currently a significant portion of venture capital. They have a ton of money coming from a dying source (oil) so they need to diversify.
Will it actually be cyclical? Twitter and Reddit tearing up their user base has caused the Fediverse to grow. I find it unlikely that - if Twitter and Reddit continue to go the way of Facebook, with the majority of the core user base leaving as enshitification worsens - they go somewhere other than Mastodon or Lemmy.
People can shout about how lemmy/Mastodon aren’t user friendly - but with their growth they are massively improving and will continue to do so.
this is gold
No, they’re gems.
Not realistic, they’d make very random gem numbers to confuse people as much as possible.
“Buy 295 gems for $4, or for a limited time get 699 gems for $10! Subscribe now for 295 gems a week for one month! Recharge your tweet limit for only 365 gems!”
Yep. Confuse the customer as much as possible. This is the rule of capitalism. The more confused the customer, the more likely they are to just say “fuck it” and do whatever you’re nudging them to do, which, hint, is the most profitable.
Nah, Elon being Elon, he would use meme numbers. The API costs $42000 per month because 420 funny numer.
Somehow, every time I think Elon Musk has reached his zenith of cringe, he manages to outdo himself.
This is the most Elon thing I’ve ever seen.
Okay, that gem made me laugh.
