So, Republicans are against state-owned media, but have no problem when the President owns a media platform? Because that's what this is turning into. MAGAs are going to get their Three Minutes Hate (since three is more than two, so it's better) directly from their Dear Leader, without any other opinion getting in the way.
only advertisers, not consumers, prefer video over text.
This is so goddamn true it's not even funny. One thing in particular that really pisses me off is when I'm looking for a relatively simple piece of information, like how to beat a level I'm stuck on in a game, and every single result is a 15 minute video I need to scrub through in order to find the same information I could have scanned a text block for and found an under a minute.
I will search around for 10 minutes before I watch a video if I need a simple answer. I realize that's probably a bigger waste of my time, but I don't want to encourage that shit by adding to the algorithm.
At a large technology conference I attended recently I saw a demonstration where the URL of the video was handed to an AI bot. Some very detailed prompts for requests for information were given to the bot and it pulled out all the info the user requested.
So maybe we'll have ubiquitous AI to do the scrubbing for those 5 second answers now buried in 15 minute videos.
I have a related thought. A lot of people are not good at reading. Those people are underrepresented on a text platform like this, but they're out there.
The us' education system is spotty. That doesn't help. There's also a long podcast about how reading is often taught badly: https://features.apmreports.org/sold-a-story/ (yes, it has a transcript)
But there are probably a lot of people who secretly sigh with relief when they find that five minute video instead of the two paragraph answer. They legit struggle to read it, and that's uncomfortable and embarrassing.
Every single Adobe tutorial ever. Why the fuck do I have to scrub through 30 minute videos to figure out where the fuck they moved some feature to after the last update?
Why on earth would running a service that actually costs money be a good idea for company so deep in a hole on a webservice that's comparatively free to run.
It's almost definitely a bogus or halfhearted announcement to pump the stock price. Announce a new service to make people think that there's some future SOMEWHERE for big profits. Like you see Musk doing (recent 8/8 announcement for Tesla) for example.
In this case specifically to preserve a Trump payout.
To be completely fair it’s been a shit week for the markets. Literally all of my holdings have been negative, including enormous ETFs with decades of consistent growth. This isn’t to say that Drump’s stock is doing well at all, just that this immediate 7% loss is more indicative of larger market trends than anything I’d reckon.
Probably because of expected expenditures; creating and hosting a streaming platform isn't cheap, and if you have a company that already seems to be floundering, announcing "we're going to spend a boatload of money we don't have" doesn't instill confidence.
Video hosting is wildly expensive and unprofitable. Even Youtube, by far the most successful video hosting platform on earth, backed by the technical giants at Google, who literally own a "make money on the internet" engine, lost lots and lots of money for a decade.
Its not a good buisness to get into if all you have experience with is a Mastadon fork where you already spend 50mil/yr to make 5 mil/yr.
An old Stock Market adage is "Buy on rumor, sell on news". It's possible that some people were anticipating a larger announcement, and sold when they saw what the announcement actually was.
Or, it just went down because it is a bad stock to own, and it's just a coincidence there was a press release at the same time.