Staggers me that Twitter is substantively shaping the fate of the most powerful nation in the world, but can't turn a profit.
Conversation
Replying to
I've written up my 'too big to nail' theory of Twitter, but I think a pure economics view misses half the story us1.campaign-archive2.com/?u=78cbbb7f288
2
5
14
Replying to
The pure sociological view -- the narrative around trolls, abuse and community health in particular -- is also incomplete.
1
5
Replying to
New theory: Twitter has not just created *economic* land-grab territory with vast wealth that's too big for one company to nail...
3
5
Replying to
...it has created new *kind* of grey political turf, on the edge between legitimacy and illegitimacy in a social order (4chan is there too)
3
8
Replying to
In past, new tech would create new "outlaw" wealth, drive social order expansion to find legitimacy. New money laundered to old in 3 gens
1
1
Replying to
Old and new social orders might differ in scale, scope, variety and wealth distribution but sizes of white, grey, black wealth stayed steady
3
2
Replying to
Economically it represents zone of partially laundered grey money. Stuck in limbo between tax-paid up bank deposits and cocaine under bed
1
1
Replying to
What it *can* do in both economics and politics is cast a permanent cloud of ambiguity and doubt on black-and-white notions of legitimacy
2
1
3
Replying to
I think this is a good thing. It also means, modulo bad management, we need to develop a 'grey economics' and 'grey politics' around Twitter
1
3
Show replies
