Twitter has been on a real downward spiral.
They’ve been slowly declining for many years now, but with them upping the ante on banning anyone with a conservative point of view, the platform has really crossed the line into complete ridiculousness.
And things really hit a fever pitch when they actually had the audacity to ban President Trump from the platform.
With his absence, Twitter has become about as exciting as an abandoned ghost town.
For many, the main attraction on Twitter years now has been Trump, and them banning him is like a major network cancelling their most popular show.
But now Trump is breaking his silence on social media’s toxic nature and ripped Twitter an absolute new one during his interview Steve Hilton on Fox News:
Listen to audio: President Trump when asked about @twitter
✅It takes up a lot of your time
✅Have more time for other things
✅Poll numbers are higher
✅Twitter a double edge sword
IMO:Twitter use to be fun It’s a chore (not letting accounts grow)
Spinning one’s wheels🥲 pic.twitter.com/Vrrkwb6gjU
— CONNIE’S CORNER (@CRRJA5) March 1, 2021
Trump is again, 100% on the money.
Twitter, and much of social media, are an absolute cess pool full of negativity.
And since their banning of Trump, Twitter has also seen a big decline in their profits…
Many cheered the move—including hundreds of Twitter employees—but the company’s stock woke up to a hangover on Monday, dropping as much as 12.3% in early trading and shedding about $5 billion of market value. The stock price recovered somewhat throughout the day Monday, losing 6.4% intraday. But the volatility may not be over.
Was Trump’s account really worth $5 billion to Twitter? And why did so many investors head for the exits? Analysts are suggesting three main possibilities.
1. FEAR OF SAGGING ENGAGEMENT
The near-term fear is that because Donald Trump is such a prominent figure on Twitter, the platform may see a large chunk of engagement disappear with him.
“The Trump Twitter ban may lead to fewer users, as one of the platform’s largest speakers is removed,” says Georgetown internet law professor Anupam Chander in an email. “Some users have already tried to migrate to Parler, for example, though that has proven to be a dead end.” (At least for now: Amazon Web Services, which hosted the right-wing social media site Parler, pulled the plug Sunday night.)
Mark my words: Twitter is a dying brand.
They are well on their way to becoming the new MySpace.
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