this post was submitted on 05 Aug 2023
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All companies now are digging own grave for themselves. Reddit, ~~Twitter~~ X, Meta, Google and now Mojang. Interesting times we live in.
Have any of those other companies you've named actually suffered anything?
Musk has sure as hell set Twitter up to suffer quite a bit. It's a train wreck in progress, but to the uninformed layman it just looks like Musk fucking shit up with little actual blowback.
The reality of Twitter is that it's royally fucked, it's just taking a while for the debt to build up to the point where it all falls apart. I expect a complete death of the company before November 2025. Just based on the debt load that Musk saddled the company with.
Reddit showed that they don't care about their community or their volunteer mods, and lost most of the best moderators. That train wreck is coming, but might take a few years. Their IPO is coming, and they will do something that pisses off the community more when it does. I don't expect a fast death, or a complete death, but the IPO will definitely hurt more than it will help.
Meta keeps getting fined by various countries, and keeps plugging along. Their Threads app is not quite taking off, but it doesn't need to... A shit company that will likely be around for at least another decade. After that, predictions become meaningless.
Google is trying to do a web DRM to get rid of adblockers. I expect a massive EU fine in the future, and then they will quietly continue being evil. They really shouldn't have gotten rid of that motto.
I think the rename of twitter destroyed a good chunk of value.
That's going to play out as well. There's a very good reason why X is a shit name.
But pair it with another word and it's alright. But Musk can't see that, because he's a fairly stupid man who used to hire smart people to run his companies.
It's the profit imperative biting them in the ass, you can't have exponential growth in a finite system so expect these megacorps to get more and more desperate (and draconian) as the bottom of the barrel draws ever nearer.
They are literally the #1 selling video game in the history of the world.
If that's not enough, the world is fucked.
There is no enough, only growth. Growth at all costs.
They are attempting to extract as much wealth as possible before the collapse. I don't know what they're planning on doing with money if a collapse happens. Even a partial collapse would cause massive inflation making their dollars worthless if they don't transfer it out to something else. Unfortunately the Petrodollar exists so it's likely the collapse of the US dollar would trigger worldwide collapse.
Don't forget Netflix