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RE: Why TWITTER is Failing - 2 more Directors quitting - Failure to make large enough revenue - A Lesson-Case in Social Media!
Twitter fails because the are a Liberal-only social media site...which isn't a very sociable approach to being a useful site. This single facet of the platform alienates in excess of 50% of potential users. Their new policies on suspending Conservative accounts, or those that favor Conservatism, sheds enormous light on why they are failing as well...and you are correct, they are leaving billions of dollars a year on the table, rather than taking it to the bank. I, for one, quit using Twitter almost as soon as I started using it...and for several of the reasons you stated...I can't wait to see them crash out completely...maybe it will serve as a warning to future social media websites on how to properly operate an online business!
I think this is a very pertinent point for Steemit. There are a large number of people who are "idealists" on here, myself included and particularly at least one of the founders. This describes the current demographic but will not play to a wider more mainstream demographic. I think "Libertarianism" is currently the most popular idea around these parts, but this will change. If allowed to grow organically I believe the end result would be more akin to a Liberal Democratic Republic online with its own currency and eco-system. If you take this "experiment" to it's logical conclusion, then I think this could eventually drain all the value of all fiat currency into this eco=system, replacing all fiat with Steem. Once this happens, we will actually have a functioning global currency, equitable and transparent to all complete with economy and global de-centralised consensus and governance. The world's citizens could truly govern themselves much more directly than current representative Democracy.........perhaps?
well, that is also one way to see it. I do believe twitter censoring has damaged their brand beyond repair. Same with reddit and facebook.
People want and need a place to be seen and heard.