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this post was submitted on 03 Jul 2023
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Twitter was an important unifying communications tool during the Arab Spring. The Arab spring was a threat to biz as usual in places like Saudi Arabia. The second largest investor in Twitter is Saudi Arabia.
Saudi Arabia killed and dismembered a journalist from the US, more or less in plain sight. Elon is now killing and dismembering Twitter in plain sight to limit its power as a unifying tool that stands as a demonstrable, active threat to capitalism and oligarchs around the world.
Billionaires do favors for other billionaires. It's part of why spez is trying to tank Reddit. Remember how dangerous Reddit was to capitalism's status quo around the time of GME/Robinhood/Antiwork recently.
The specific moment we're in right now is meant to shatter consolidated organizing power on Reddit as we splinter into several smaller alternative platforms (or for some, disconnect entirely). Not saying we shouldn't be in Lemmy, but calling out the larger reality of the moment.
Billionaires do favors for other billionaires.
This sounds a lot like Hanlon's razor. "Never attribute to malice that which is adequately explained by stupidity."
Do you really believe that people like spez, Zuckerberg, Musk behave like they do because they want to do favors for other billionaires? Isn't it much more likely that they're just ... disturbed? That they are narcissistic, megalomaniac, maybe idealistic in their own believe. And in being that, they make stupid decisions because they literally work differently than regular folks.
While I don't think there is a specific conspiracy, I do believe that the upper classes enforce class interest and still have a strong sense of class solidarity, something they worked very hard (through their hegemonic control of the media) to excise from the societies they inhabit and predate upon.
Someone like Rupert Murdoch won't necessarily take action on behalf of specific individuals, but he will fight tooth and nail for the privileges of his fellow billionaires.
The only person in the world you can ever truly know is yourself.
So when I ask myself "If I were spez/zuck/musk why would I do this?"
The answer is usually "because someone gave me a lot of money"
I don't know about Spez but I don't think that's how Musk and Zuck are motivated. The money is a secondary effect of their goal of being "Great Men" in history. Seen through that lens, taking control of the main public square, changing the nature of discussion there (and taking as much credit for it as possible) is an end unto itself for Musk. Especially when you consider that, if he is able to both control and maintain Twitter as the main locus of online discussion, it allows him to try to reshape the wider narrative about the value and importance of his work in general.
I'm not so sure Musk is actually motivated by his own hype, I think that's part of his professional self branding that he relies on to juice the valuation of his companies. Seen through that lens, taking control of the main public square is a way to juice his rep further and make even more money.
I'm skeptical of ascribing immaterial motives to billionaires.
EDIT Oh! Also, I think the reason enshitification has accelerated so much recently is because of high interest rates. It's why Silicon Valley Bank imploded, after all. Companies are scrambling to be profitable after the free investor cash has dried up. It's not good enough to be maybe profitable in an undefined future, they need to be profitable now so they can justify investment. The bubble is deflating - though fortunately, it seems like it's going to be a soft landing instead of a pop.
Yeah, I also seriously doubt there's a big conspiracy happening where ultra rich people are helping each other. Have you looked at those people? Most don't give a fuck about anyone but themselves.
Musk bought Twitter around the time he was fighting with this guy that had the private jet tracker. I think it's more reasonable to believe that Musk bought Twitter just to shut that down and now it's a toy he can play with, where every time he merely touches it, media jumps on it, which feeds his ego massively. And once Twitter is dead, he'll discard it and move on to the next thing. Like a cat playing with its prey.
Normally I would tend to agree with you, but look where Musk got his "loans" to buy out Twitter. Saudi Arabia and Russia where big "lenders".
That's definitely true. I think it's also true that the people who financed it were doing so to take advantage of that to their own ends.
Thank you. I think this is an important nit to pick in the context of this particular discussion.
Ignoring the evidence of Musk's Twitter nonsense benefiting the same people who helped fund his Twitter buy out is something you could attribute Hanlon's razor to.
Well said. Razors are guides in developing theories, not evidence. To present them as evidence is a fallacy. The above conjecture isn't better explained by stupidity, thats the whole point.
I like this take, but this is a conspiracy theory take. Change a few words and this would be something regurgitated by Q fanatics.
This is such a good way to word this kind of phenominon. Conspiracies as distraction.
Its also funny, because its a conspiracy about conspiracies lol
I think it's far more simple that humans have a tendency to fractionalize everything they're apart of than it is a projection global conspiracy.
Some animal rights activists believe humans can have beneficial, symbiotic relationships with animals, like working dogs/horses, free range chickens that are well cared for, stuff like that.
Some animal rights activists think the concept of a working dog/horse as abhorrent because animals can't actually consent to that, the power dynamic makes it unethical, and utilizing the labor of an animal for personal gain is basically just slavery for a creature with less intelligence.
These two groups are closer to each other than they are to any right person that doesn't care at all for animals, but are still so dynamically opposed that they simply couldn't operate together because their end goals are dramatically different.
I'm a hardcore progressive. I will work with a capitalist democrat to get my goals met, but I wouldn't associate with them if I had a better option.
What's wrong with XR?
People who aren't going to do anything either way like to blame XR's protests for their own inaction.
Well said, thanks for doing the good work of pointing this out.
See other "grassroots" movements such as the Tea Party, Moms for Liberty, TPUSA, etc for the other side of this. These groups have clear and documented funding from billionaire interest groups and conveniently allow corporate media to conflate such far right groups with progressive movements as the same level of extremism.
I’m glad I’m not the only person thinking about this. I had no idea about the Saudis owning Twitter like that. All decisions made by the rich are for Money^TM^. Usually it’s Money^TM^ in either the form of growth (profit, short term) or investment (power, stability, long term). Some of spezs actions are easily explained by Money^TM^ when you take into account LLMs mining reddit. But that does not explain being so insanely hardline with their API. There was absolutely a resolution to that that was profitable and didn’t continue giving away “their” information for free. This is where I think a 3rd Money^TM^ comes into play: existential investments. These are actions they take to ensure the other two forms of Money^TM^ continue to function the way they want them to. Such as tanking the two most significant online tools for organizing collective action against them.
Decisions at that level are made for power. Sometimes money is part of that
I mean, yes, but I think “sometimes” really underestimates role money plays in a capitalist world. Money is power. People who tell you otherwise are trying to sell you something.
Agreed. It's no coincidence that both Twitter and Reddit are shitting the bed at the same time.
Elon is pretty clearly an actual idiot, and has managed to get by thus far by just having a seemingly endless supply of fuck you money, but this is just capitalism doing the Predator bicep meme with foreign oligarchs to consolidate power.
I mean, it sort of is. Unless the fed is involved in this billionaire conspiracy also (which the nature of conspiracy theories will undoubtedly have someone saying of course the fed is in on it with the billionaires).
The simple answer really does make the most sense here. Interest rates are on the rise, and platforms like twitter and reddit have been around for a very long time and none of the venture capital backing them has ever turned a real profit despite the money being pumped into them. Investors will pull out money from the riskiest items first when interest rates rise, and the riskiest items are social media platforms that haven't demonstrated monetization potential even after a decade of use and monolithic control within their spaces. If a link aggregator like Reddit, which is really the only major player in its brand of social media can't turn a profit with basically no competition why would you continue supporting it?
Great point, and I do think you're right because that is the most sensible answer to what the motives behind these recent decisions are. There has been a nonstop flow of cheap debt for years that the fed is just now tightening up on.
But these business decisions also happen to align with the interests of deep pocketed bad actors. The why's of that are conspiracy theories.