Bonum Certa Men Certa

X Has Axed Itself. This is Great News and Further Affirmation of Everything We've Said About Social Control Media.

posted by Roy Schestowitz on Oct 08, 2024

Drawing of color graphs on black background

Recent: The Danger of Outsourcing Your Platform to Social Control Media and Getting "Information" There

This was in the mainstream news about a week ago: (click images for the articles; we just give the 'gists' and there are hundreds more out there)

X is now worth less than 25% of what Elon Musk paid for it

Down 80%: Fidelity says X has plummeted in value since Elon Musk's takeover

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase

X's value is down horribly, according to company that helped Elon Musk buy it

The 'doomers' were spot-on then. Don't waste any more time on social control media. It's a thing of the past, still in a 'death spiral':

Definition of death spiral

Social control networks generally rely on the network effect (or inertia); so once things slide (a very steep decline) there's no comeback or turnaround; the only way is down, down, down... each time a person leaves it motivates many others to do the same, lessening the incentive to join or merely to stay (user retention).

Projects such as Wikileaks would be wise to use their own Web site rather than outsource everything (even audience) to "X". Think ahead. The future isn't in "X".

Facebook has also 'rebranded' as "Meta" and still tries hard to reinvent itself in order to survive.

Published at the start of 2022: Social Control Media is a Bubble and JoinDiaspora Might be the Next Casualty

Published one month ago: No, Mastodon is Not Growing, Social Control Media is Generally Waning

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