Why did our friends stop posting on social media? | BBC Global

Kyle Chayka, a writer for The New Yorker, discusses how social media has changed over the years and why “normal people” have stopped posting their personal lives online.

The main points of the discussion are:

  • A Shift in Content: The platforms have de-prioritized content from “normal people” in favor of news headlines, professional influencer content, and AI-generated media. The medium has become “higher brow” with a higher production value, making it difficult for average people to keep up.
  • Social Media is Less Social: The purpose of social media has changed from being a way to connect with friends and family to a space for consuming highly commodified content, advertising, and lifestyle aspirations. This shift makes social media feel like an endless stream of commercials.
  • The Rise of Private Sharing: As public feeds become less personal, people are moving their sharing to more private, intimate channels like direct messages and group chats. The discussion suggests that new apps or platforms may emerge to serve this need for private online social networks.
  • The Downside of Broadcasting: The speaker suggests that people have learned the downsides of broadcasting their private lives online, such as public shaming and viral embarrassments. For many, the deal of posting publicly is no longer worth the risk unless they are trying to become a professional influencer.
  • A Possible “Posting Zero” Future: The video proposes a future where “posting zero” becomes the norm, meaning people will stop posting online because there’s no incentive to. The conversation notes that this trend may lead to a desire for more in-person interactions. The speaker gives an example of his daughter, who has deleted her social media apps and doesn’t post, suggesting that the era of public sharing might have been an “aberration.”

Why China’s 2-Minute Micro Dramas Are Poised To Take Over The U.S.

Duanju, the Chinese term for micro dramas known for wild plots and vertical, bite-sized videos, made headlines in China in 2024 as the industry surpassed the country’s box-office revenue for the first time. The short-format videos, which typically consist of episodes ranging from 90 seconds to two minutes long, initially gained popularity in China after capitalizing on the short-form video trend from other short-video apps in the country. And it now has its sights set on the U.S. entertainment industry.

How Musk’s Twitter Could Finally Break Even Soon | WSJ

Twitter is over $13 billion in debt. Many advertisers like Chipotle and United Airlines have fled. But CEO Elon Musk said the social media company has a shot at hitting profitability and becoming cash-flow positive within a few months.

Here’s why Musk is optimistic about the company’s revenue comeback, and how his purchase contributed to Twitter’s cash problem.

Elon Musk completes $44bn Twitter takeover – BBC News

The world’s richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter, according to US media and an investor in the firm.

He tweeted “the bird is freed,” in an apparent reference to the deal closing.

A number of top executives, including the boss, Parag Agrawal, have reportedly been fired.

It brings to a close a saga that saw Twitter go to court to hold the multi-billionaire to the terms of a takeover deal that he had tried to escape.

Twitter has not yet confirmed the takeover, but an early investor in the company said that the deal had been completed.

How Elon Musk’s Grand Crypto Twitter Experiment Can Succeed | Forbes

Musk, whose offer to buy Twitter for $44 billion was accepted by the company’s board in April, said the takeover deal was “temporarily on hold” amid concerns over the number of fake and spam accounts on the site.

Around two hours from his first tweet, Musk added he was “still committed to acquisition.”

Knocking down the wall of Web2 is going to take a Herculean effort. Everybody is aware of the problems when it comes to Web2, like the creepiness of data trackers such as cookies and the inordinate amount of knowledge that they provide about us. Despite these hesitations, consumers still like the convenience of the products. All that runs on advertising, and those advertising dollars are driven by sophisticated algorithms that track user activity on the site and elsewhere to feed ads to the user at the precise time that they are ready to buy.

Block One Keynote: Intro to Voice Social Media Platform

Brendan Blumer, CEO of Block One, which started 2-1/2 years ago, introduces Dan Larimer, CTO, who outlines the past and introduces “Voice,” their new social media platform.

A year ago they released the EOSIO open source protocol, which Larimer describes as the “fastest, most scalable and most active blockchain software in the world.”

Balaji Srinvasan and Tim Wagner from Coinbase announce that EOS is now available to trade on their platform and that visitors can earn EOS by completing some lessons on EOSIO.

Wagner also notes that Coinbase is the only major crypto exchange that has not been breached.

Larimer announced EOSIO 2 with a “WebAssembly engine designed for blockchain,” which is 12x faster than what it was a year ago when launched.

He also announced WebAuthn to support blockchain private key safety, which was elaborated by Guido Appenzeller, of Yubico. He describes their hardware key as vastly more secure than any passwords.

Blumer comes back to note that “Social media has not been a good friend to us.” He further states, “Our content. Our data. Our attention. These are all extraordinarily valuable things. But right now it’s the companies, not the users, that reaps the reward. By design, they run by auctioning our information to advertisers, pocketing the profit, and flooding our feeds with hidden agendas dictated by the highest bidder.”

He states they are building a transparent social media platform on EOS where what’s good for the platform is good for people, too, with built-in accountability.

They call it VOICE.

Larimer returns to introduce the Voice token. It rewards users via contention creation and discovery. The rewards are then used to magnify your voice on their platform.

The platform authenticates real people as users, eliminating bot armies and anonymous controls.

The authentication of all users on the platform also establishes an EOS-based blockchain identity that can be integrated into other applications in the future.