Please! I can only post Riker so many times before it starts turning into a thing like beans did a while back!
Dare to dream, I see nothing wrong with a little Riker and beans
You love to see it
Twitter for Nazis was never a viable business model. Neither is Netflix for Nazis.
“I just don’t understand. Twitter did well. Netflix did well. What’s so different about our platforms?” - some stupid fucking nazi.
From what I’ve heard lately, Twitter is Twitter for Nazis.
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.
If I had extra money to short a stock I would have gone all in when the stock got around $80. What an obvious meme stock.
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.
You’re expecting logic from a company that’s being run by idiots, grifters, and idiotic grifters?
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.
And…It did not work.
Can someone ELI5 why launching a streaming platform out of all things is causing the stock to drop?
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.
