2021-12-29

Twitter is a Publisher

You'd think people would learn, but we are treated to endless stories of "so and so was banned from Twitter today." Twitter is a publisher, as is Facebook. You can be kicked off Twitter for the same reason Tucker Carlson would be kicked off the NYTimes website. You are not promoting their narrative! They have editorial discretion, which they characterize as "misinformation," but it really means you have opposed their editors. Yes, this means Twitter is legally liable for everything on their site because you do not own you Twitter account nor do you have editorial discretion. If you do not want censorship, there is Gab. For those into capitalism and crypto, there is Twetch.

Speaking of Twitter, it too has formed the deaded h-pattern that will either be a bear trap or lead to the next collapse in the stock price. At this point, it is a borderline worthless company. Everything good about it can be cloned. Competitrs such as Gab and Twetch are emerging. It's like MySpace before people realized MySpace was dying, the place people go because "everyone else" is there.

Prediction: Twitter will be purchased sub-$10. Nearly all the staff except for useful engineers will be fired by the acquirer.

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