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Cake day: June 18th, 2023

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  • I wondered that a while ago when Tesla was worth more than many other car makers combined while producing far less vehicles than any single one of them. And I remember people telling me about projections and expectations and that it’s only a matter of time until everyone drives a Tesla basically. Sounded like mass hysteria to me back then because the rest of the world won’t just sit there quietly and let Tesla have a monopoly. People bought shares because they rose rapidly in value, causing even more people to buy shares. It’s a pyramid scheme like so many things these days and people have no problem with it apparently. They love gambling and playing lottery. Value investing is too boring for them.









  • I think those „success stories“ were always at least a little fabricated by the algorithm that somewhat randomly pushed a selected few lucky users immensely just to show the rest how you can become a media sensation overnight. It gives the platform free publicity as opposed to distributing visibility more evenly. Besides the ad revenue on TikTok is almost non existent even compared to Youtube. It was never a platform that you could realistically become successful with even if you got views.


  • CosmoNova@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    10 months ago

    It makes a lot of sense from the perspective of the US, but a lot of countries will likely have the same debate about not only TikTok, but american social media sites and their influence on their democracies now. Especially giving the timing. Not only is Xitter known to shrug off EU regulations in actively pushing disinformation campaigns but apparently Facebook and Google are joining in too now. All the while there’s a war happening in Europe right now. The EU could make the wise decision to make the same demands to those companies that the US made towards TikTok. For our own safety.