Watching negative contributors burn provides the only realistic pleasure in a time when most things are corrupt. As noted here before, Dot-Com 3.0 is going bust because its advertising model prioritizes true believers who use the net a lot but are not large financial contributors to the economy, thus its advertising is declining in value.
Currently, Twitter is on the chopping block because in an effort to appeal to true believers, it has sacrificed the more interesting parts of its userbase:
The company shut down a total of 376,890 accounts in the last six months of 2016, Twitter said in its latest transparency report.
In doing so, it has pared down its constituents to include a group that may be artificially inflated by a large number of spam bots, upon which the service has based its user figures and the presumed value of its (flailing) advertising:
Twitter was last week hit by a report from professors at the University of Southern California and the University of Indiana that estimated that as many as 15% of the social media siteâ€™s 319m users were not human. That is nearly twice the companyâ€™s own estimate that up to 8.5% of its accounts are managed by â€œbotsâ€.
The charge is particularly damaging for Twitter because it is already struggling to convince advertisers to return to its platform.
As illusions fall, a void is created into which new(er) media rushes, in particular the voices of individuals. The net may be overcoming the centralized caused by social media, which has not delivered the content or community that people desire. In particular, few trust their dot-com overlords to be anything but conniving, manipulative little Utopians hell-bent on control.
Social media, in response to flagging sales, went after the True Believers who tend to be employed in dead-end positions where they have a lot of time to waste on social media and therefore, represent the bulk of the traffic, despite being a relative minority in the world and having little social, cultural, political or economic influence.
This tendency overstated the importance of groups of these life failures such as SJWs, who seem to be losers in the dating and marriage marketplace as well as in the quest to do something useful with their lives. That in turn through a compliant media gave a boost to these views, but as their insanity emerged, the bulk of normal people fled from them, removing their power.
The upshot is that smaller blogs like this one may have greater importance in the future as people realize that wherever the herd is can be found only lies, and wherever exclusive groups gather, information of actual value is being transacted. The hierarchy of nature restores itself in the vacuum created by the failure of grandiose human designs.