social media is a terrible business

Elon Musk accidentally buying Twitter was enough to take the already financially dubious platform and throw it into a dumpster fire, especially given how poorly he's ran the place. Facebook (and other platforms owned by the company now known as Meta) can't go a day without another massive privacy scandal; that's assuming there's any people left on there to have their data stolen, with just how many bots are on there. Tumblr keeps being handed between owners like a hot potato, each one dedicated to somehow making the platform even more unusable than the last.

even outside of that mainstream landscape, things don't get much better. cohost just released their latest financial report, and it sure seems like they're going to go broke soon, at least if they want to be able to afford developers. seemingly, their only profitable venture was turning their mascot into a marketable plushie. hey, that gives me an idea…

so, like, what's going on here? why is every single social media company falling apart? and to answer that, you have to ask what social media is in the first place.

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