Um, you know, abandon any faith in capitalism and free markets
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Actually quite the opposite. Markets, increasingly, have lesser notion of a moral hazard. Like insurance, social media, when executed well, hack human psychology for gain.
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Means that the traders believe popular sentiment doesn't matter too much in terms of profit.
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My guess is that traders believe the network effects are too strong to push people off the major platforms despite the negative sentiment.
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Public agitation is greater the more they allow themselves to be exploited.
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What do people make of opiods doing very nicely at their most hated?
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I find the
$TWTR story remarkable. In the time when it said it would increase its tweet length from 140 to 280 chars and ‘experts/analysts’ said it was the end of Twitter and put sell ratings on the stock, it’s gone from about $20 and is now trading above $46. Just incredible.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Dark side of the force: they capture value from their own externalities, like breeder reactors. It’s all fun and games while there’s a market for the weaponization of their byproducts, like propaganda & surveillance... as long as those weapons do not destroy the market itself.
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Far better to be hated than ignored (Snap).
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Their products ultimately are extremely useful. But that gets zero press coverage since it’s considered known. So perception thru press much worse than user reality.
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