- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
US ad revenue at Musk’s X declined each month since takeover -data::Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in October 2022, according to third-party data provided to Reuters.
People who think there’s some huge conspiracy everywhere have never worked for a narcissist executive. It feels like an extension of “they’re rich and powerful means they have to be cunning”, no they clearly get caught up in their own delusions of aptitude.
Think of all the group projects you’ve ever worked on and multiply that by huge egos. I find it hard to believe that any of these people can coordinate with the level of precision most conspiracy theories claim. Do they happen? Definitely. Is it as commonplace as they think? Definitely not.
Americans have an innate cultural belief that if someone has money, they are therefore smart. It doesn’t matter how the person got their money - whether they inherited at birth, or they stole it, or they had a relative who won the lottery. In the US, we will defer decisions to others who we perceive to have wealth because it is a cultural belief.
This is, of course, obviously wrong. A person who is born into wealth as an infant has no influence on their own success any more than any other infant.
There is also a culture where those who are born into wealth also believe they are smarter than everyone else, and the lack of accountability in their lives often leads to wildly incorrect business ventures, doubling down on narcissistic behavior, and a complete disconnect with how 99% of the human population thinks and lives.
Elon Musk has lost $40 billion dollars worth of value in just over a year on one business venture. He won’t be able to make Twitter work, because he doesn’t have any better ideas than anyone else who ran Twitter. He’s also quickly proving that his ideas are far worse. There’s no grand plan. There’s no conspiracy. He’s just a lazy rich kid who smokes weed all day and thinks he’s a genius.