Not really all that much of a jump when you realize they went public on December 6, 2021 and the stock immediately tanked from the $10 start to $6 in a week, to $4 after 60 days, a year later was...
Not really all that much of a jump when you realize they went public on December 6, 2021 and the stock immediately tanked from the $10 start to $6 in a week, to $4 after 60 days, a year later was trading for $1 and has hovered around that ever since. A friend of a friend is a lawyer at Buzzfeed, helped them go public through the SPAC (aka the we-really-want-to-go-public-but-aren't-actually-ready-to-do-so-and-can't-meet-the-requirements-for-an-IPO option, which failed by the way) process to do so, and said the place is an absolute disaster, they had no business going public (as is readily apparent now), and screwed a lot of employees when they did so.
This seems inevitable. The evolutionary digital content arms race is about scraping the bottom of the barrel: producing as much content as cheaply as possible for as many different demographics as...
This seems inevitable. The evolutionary digital content arms race is about scraping the bottom of the barrel: producing as much content as cheaply as possible for as many different demographics as possible as fast as possible.
I sense a certain danger to our culture, where the processes that fundamentally drive human culture go increasingly from being organic (where humans are the ones ideating and producing content) to being entirely inorganic (where humans are removed from the process).
This transition—or degeneration, as some may view it—has been in motion for some time now, as digital content has been subject to ever more aggressive profit incentives and engagement metric chasing. But I sense that the completion of the transition will have profoundly negative effects for human culture and society in creating massive feedback loops.
People often cite how our ancestors fretted about the written word killing knowledge, print killing writing, radio killing print, TV killing radio, the internet killing TV, and so on; and how society managed fine with each one. But profound societal upheavals accompanied each communication transformation.
My optimistic prediction is that it ends like the video game crash of 1983: the market becomes so saturated with cheap mass-produced hollow clickbait that most people just avoid them altogether....
My optimistic prediction is that it ends like the video game crash of 1983: the market becomes so saturated with cheap mass-produced hollow clickbait that most people just avoid them altogether. Efforts to maintain higher quality standard within the same spaces fail because they're drowned out by the volume of cheap crap and impossible to find.
Ultimately I'm hopeful that even though people have gradually become acclimated and addicted to a state of the internet they don't particularly even enjoy, the drive to squeeze more money out of people each quarter will eventually force every clickbait factory and social media site across the Trust Thermocline.
Not really all that much of a jump when you realize they went public on December 6, 2021 and the stock immediately tanked from the $10 start to $6 in a week, to $4 after 60 days, a year later was trading for $1 and has hovered around that ever since. A friend of a friend is a lawyer at Buzzfeed, helped them go public through the SPAC (aka the we-really-want-to-go-public-but-aren't-actually-ready-to-do-so-and-can't-meet-the-requirements-for-an-IPO option, which failed by the way) process to do so, and said the place is an absolute disaster, they had no business going public (as is readily apparent now), and screwed a lot of employees when they did so.
This seems inevitable. The evolutionary digital content arms race is about scraping the bottom of the barrel: producing as much content as cheaply as possible for as many different demographics as possible as fast as possible.
I sense a certain danger to our culture, where the processes that fundamentally drive human culture go increasingly from being organic (where humans are the ones ideating and producing content) to being entirely inorganic (where humans are removed from the process).
This transition—or degeneration, as some may view it—has been in motion for some time now, as digital content has been subject to ever more aggressive profit incentives and engagement metric chasing. But I sense that the completion of the transition will have profoundly negative effects for human culture and society in creating massive feedback loops.
People often cite how our ancestors fretted about the written word killing knowledge, print killing writing, radio killing print, TV killing radio, the internet killing TV, and so on; and how society managed fine with each one. But profound societal upheavals accompanied each communication transformation.
My optimistic prediction is that it ends like the video game crash of 1983: the market becomes so saturated with cheap mass-produced hollow clickbait that most people just avoid them altogether. Efforts to maintain higher quality standard within the same spaces fail because they're drowned out by the volume of cheap crap and impossible to find.
Ultimately I'm hopeful that even though people have gradually become acclimated and addicted to a state of the internet they don't particularly even enjoy, the drive to squeeze more money out of people each quarter will eventually force every clickbait factory and social media site across the Trust Thermocline.
I'm getting a "422 Error parsing the URL" from your link.
Woops, had square brackets all over the place :)
Thanks, very interesting.