the billionaire tantrum • TechCrunch


This morning Kanye West announces he’s buying Parler, the annoying platform called “Freedom of Speech” that ignores the correct French pronunciation of its surname in the service of a bad pun. Terms of the deal haven’t been released yet, but the startup has so far raised $56 million and I bet it has a simple, tidy way out if it goes through.

A disapproved billionaire buying a social media company due to perceived infringements of their rights to free speech (where there are none in reality)…sounds somewhat familiar. This is correct: Elon Musk does the sameon a larger and more contentious scale.

Elon and Kanye have a history, of course, and the Tesla founder was quick to greet Ye back on Twitter when the latter was banned from Instagram over anti-Semitic posts. Kanye soon used Twitter to push more anti-Semitic trash, which led to his account being shut down and Musk subsequently issuing weak reproach (if you can call it that) for his friend’s unforgivable behavior.

Leaving aside that Musk’s response is a terrifying vision of what Twitter moderation could become if the multi-CEO gets his wish and completes a $44 billion deal to acquire the platform, the interaction and Parler’s news Monday say a lot about our social standing. and the state of the media technology industry. In particular, watching these two boys spend their way into an “irreversible” status over-cash and spend their way illustrates a lucrative new exit path for startups looking to disrupt the status quo when it comes to letting people say things they shouldn’t.

It used to be that a billionaire’s tantrum would lead to death media outletsThe new trend appears not to attempt to eradicate the object of their anger, but rather to spend a lot of money distorting a collective social view to fit their own worldview. Whether this money is theirs, or their collective wealth Fake hem of deep-pocketed flatterers Rarely Does It Matter – There are plenty of economic opportunities to have for bad communication tools with flexible ethical perspectives.

That’s just half tongue in cheek: There have already been plenty of startups and startups to address social media companies that are allowed to. “Control of what we can see and what we cannot see” As described by a very wrong former autocrat. In a sane market, those would need to deal with the procedures we normally use to judge a startup’s success: user attraction and engagement, revenue, etc. Now, it looks like they might be able to use their ego to help their investors get the money back. .

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