this post was submitted on 11 Jun 2023
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Technology

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[–] MasterKitty@lemmy.world 17 points 2 years ago (5 children)

Whats going on with social media CEOs making dumb decisions these days..

[–] hglman@lemmy.world 18 points 2 years ago (3 children)

Conservative money thinks that they can keep there opposition off balance by smashing social networks . Musk did not launch desatitis campaign out of nowhere.

[–] Astrovenator@lemmy.world 9 points 2 years ago

This is exactly it. Social media's greatest power is the ability for common folk to organise and rally quickly and easily. That cannot be allowed, so these moves are designed to divide and insulate.

[–] greenfish@lemmy.world 4 points 2 years ago

Omg this rings so true

[–] cedarmesa@lemmy.world 1 points 2 years ago

Or become the new platform for tucker

[–] vinniep@beehaw.org 13 points 2 years ago

Money. Tech was hot and trendy, so VCs were willing to continue pouring cash into a bottomless pit of unprofitable tech platforms, and now they're not so everyone has to figure out how to make money off of the community. In a surprise to absolutely no one that's been paying attention, companies filled with people that have never had to be profitable before are really bad at turning their company profitable and instead only manage to light large sections of it on fire. 🤷

[–] Skooshjones@vlemmy.net 12 points 2 years ago

At the top levels, they are rich and well-connected enough that they don't have to worry about failing like regular people.

They can burn millions, billions of dollars and still get out with a fat paycheck, a pat on the back, and another CEO/exec job lined up by one of their many wealthy friends. Either that, or they are "forced" into retirement where they live large for their remaining lives.

I wish somebody would force me into a wealthy retirement...

[–] cutecycle@beehaw.org 8 points 2 years ago

it's not about money. it's about power

[–] mynameisnotdoug@beehaw.org 3 points 2 years ago

Elon went early and often. He's a trend setter.