As Meta’s new social media platform hits the world creating more tension between Twitter owner, Elon Musk, and Meta’s big man, Mark Zuckerberg, I was reminded that Twitter was recently valued at $15 billion, nearly a third of what Musk paid for it last year.
Could Meta’s new social media platform, Threads, be the death knell for Twitter?
Threads is powered by their Instagram platform and so any of their two billion monthly users can set up a Threads profile, which is why it was able to become the fastest growing social media platform ever.
The app (mobile only platform) had around 50 million new users within 24 hours of its launch. It was launched early than planned to take advantage of the current dissatisfaction many Twitter users are feeling at Twitter’s latest changes.
This week, Elon Musk informed users that Twitter was ‘temporary’ limiting the amount of posts people could see as a way to fight data scraping and root out false ‘bot’ accounts… although several techy people have come forward and said that the claim makes no sense and probably had more to do with Twitter not paying a Google bill and having their servers switched off.
It seems that the two companies, or at least the two billionaires, are going to war, which is probably why Musk challenged Zuckerberk to a cage fight… Zuckerberg agreed apparently.
I don’t know if the two billionaires will go head-to-head in a cage for all-out fisticuffs, but they are certainly going at it in business.
Twitter’s legal team sent Meta a Cease and Dismiss letter, accusing them of using ex-Twitter staff to build their new platform using Twitter’s technology. Meta has denied the claims.
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When Musk took ownership of Twitter, he illegally fired thousands of workers. Who can blame them if many of them went over to Meta, although I don’t know if that is true as Meta has also recently laid off quite a large number of staff.
Another reason why a large number of Twitter users are turning their backs on the platform is that Elon ‘cancel culture hating, freedom of speech for everyone’ Musk is cancelling anything he does not like.
He has insisted that Twitter should treat certain words he doesn’t like or agree with as ‘offensive’ and ‘bullying’ even though he has refused to do the same with words and behaviour which promoted hate and violence.
It seems that Twitter’s demise is more of a result of Musk himself, and Threads might just be the platform that dishes out the final fatal blow.
We can only sit back and see what happens. It is going to be interesting to see how this all pans out.
I’m just fascinated how Musk has managed to wipe $29 billion off the value of Twitter in less than nine months.
It’s early days and I’m sure Musk isn’t worried too much.
The value can go back up and may possible exceed the $44 billion he paid.
While users are getting used to new changes and dealing with the ‘uncertainty’ of it all, the value will swing up and down like a pendulum for a while.
I don’t know about you, but it seems that being a tech-billionaire is a lot of drama. I much prefer to make money without all of the added hassle of brawling in a cage with other tech-billionaires, and taking each other’s companies to court.
I imagine you are pretty much the same.
As much as you might like to have Musk’s and Zuckerberg’s wealth, I’m sure you would settle for a nice extra daily income of between £110 and £350.
For most people, between £110 and £350 is more than enough to cover the costs of the day, including entertainment, and that is what David Houghton makes most weekdays for just ten minutes work.
He spends no more than ten minutes checking one financial market to see if there is a trade. If there is, he sets up his system and then goes about his day.
This system makes him between £110 and £350 most weekdays… which is the equivalent to a day’s wage for most people.
If you would like to know more about David and his ten minute morning system, click the link below:
The A Minus B System
Kind regards
John Harrison
PS… As far as effort is concerned, this is one of the easiest systems for making money that I’ve seen.
You don’t need to know a lot and you only need to work ten minutes in the morning and for that it will give you between £110 and £350 most weekdays.
Here’s that link again: