As stock market volatility continues to roil IRAs and 401ks, companies are scrambling to figure out creative ways to make, save, or in many cases simply not lose more money.
After the Covid-19 pandemic, world governments flushed the system with cash, inadvertently creating a ripple effect which arguably created an inflationary environment for most national economies.
Governments and corporations are struggling to stay afloat and big tech was one of the hardest hit during recent stock price drops. Mark Zuckerberg’s META, which owns Facebook, Instagram, Oculus and WhatsApp, has been shifting gears at behest of changing investor sentiment and in some cases, outcry.
Zuckerberg was spending money on virtual reality headsets while his legacy companies struggled to grow or keep up with competitors such as TikTok and others. Twitter has faced its own set of challenges including the recent acquisition by Tesla CEO Elon Musk.
Twitter now faces a different set of challenges being a private company without the same pressures from shareholders as META. This and other reasons gives Musk an opportunity to recreate the Twitter concept.
This new concept has not been without hiccups but in many cases has shown some promise, including unbanning many accounts previously banned unfairly in our opinion, and rolling out new features such as Twitter blue.
Some rumblings among the tech world recently signaled that Mark Zuckerberg thought Musk’s new freer although not totally free speech approach might just work. Musk’s influence has affected other platforms who arguably have loosened up their censorship efforts, even if ever so slightly.
Recently, Zuckerberg’s META indicated they may take their admiration for Musk’s approach another step further, by trying to compete with Twitter too. Of course it’s a very long way off before anyone will know if that will be successful.
Musk already has a simple retort to the news which seems to line up with the ongoing storyline, that although everyone criticizes Mr. Musk, perhaps many just wish they could be just like him. One Twitter account posted about the news and said:
“Mark Zuckerberg’s Meta exploring plans to launch a rival to Twitter”, to which another account, one which commonly interacts with Elon Musk said:
“why tho is he like “people are mad at elon musk, i’ll make an alternative because everyone loves me and facebook so much”
Musk saw that and replied simply:
“Copy 🐈”
See tweets below:
Good idea. I won’t use that one either.