'Small monthly payment' only thing that stands between X and bot chaos, says Musk
- Reference: 1695133753
- News link: https://www.theregister.co.uk/2023/09/19/small_monthly_payment_x/
- Source link:
Not long before the one-to-one was [1]broadcast on X yesterday, Musk had brazenly [2]claimed : "The Soros organization appears to want nothing less than the destruction of western civilization." Philanthropist and businessman George Soros has long been a bogeyman of antisemitic conspiracy theorists for his political funding, so who is responsible for promoting such narratives on the flailing social network?
Could it be the site's owner who has also threatened to [3]sue the Anti-Defamation League , an American antisemitism watchdog he [4]believes has scared off advertisers and is "trying to kill this platform by falsely accusing it & me of being anti-Semitic." The man who granted amnesty to previously banned hate speech peddlers and far-right figureheads?
[5]
No, it's definitely bots.
[6]
[7]
During the conversation, Netanyahu exhorted Musk to curb antisemitism on the platform despite his self-proclaimed commitment to free speech. Musk responded: "The single most important reason that we're moving to having a small monthly payment for use of the X system is it's the only way I can think of to combat vast armies of bots." This, we assume, would be a fee separate from the chaotic Premium subscription that replaced the blue verification ticks on Twitter.
The remark has not been seen as a move of astounding business acumen by digital marketing types considering that Musk bought the website for $44 billion and it is now estimated to be worth [8]less than half that .
[9]
"If a pure subscription really is the only feasible model moving forward, this could sound the death knell for X," commented Ben Foster, CEO at [10]The SEO Works . "Most people will not be prepared to pay for something they can get elsewhere for free. Without people and debate, the platform loses its impact. Even with the change of name, the brand is toxic for some advertisers, and with a massively reduced audience it will be even less appealing."
"This was inevitable," said Lee Petts, founder of [11]Fifty2M . "Twitter, or X, has reportedly lost a lot of ad revenue since Musk took over, and he needs to get a return on the $44 billion he spent buying the platform, so a subscription model makes sense. Will it get rid of the bots? Maybe, but user numbers will plummet too because apart from a hard core of mouthy political types that enjoy barking into an echo chamber, I don't imagine a lot of users will hang around if they have to pay."
Jessica Ross, CEO at [12]Smashtag Social , opined: "X doesn't offer enough return on investment for brands to consider paying simply to be on there. Any time there is a cost involved you have to be able to justify the payment, and right now the platform is heading the same way as the dodo."
[13]
John Lamerton of [14]Big Idea Ventures had a different take, however. "Sixteen years of an advertising-supported model resulted in $1.4 billion in net losses for Twitter. Musk has well and truly burned his bridges with advertisers, so this is probably his best bet to recoup his $44 billion investment. I actually think it will work too. Musk has created an 'us and them' culture at X, one that could very well lead to 'us' being willing to put our hands in our pockets to keep 'them' out."
[15]Ex-Twitter employees pull Musk back to money table over missing severance
[16]X marks the spot where free speech clashes with Californian transparency
[17]Elon Musk has beef with Bill Gates because he shorted Tesla stock, says biographer
[18]Bombshell biography: Fearing nuclear war, Musk blocked Starlink to stymie Ukraine attack on Russia
So not quite the world's digital town square as Musk envisioned it, but more an echo chamber for his most faithful cultists, yes men, and sycophants.
Netanyahu had an agenda going into the meeting as well. Far from being a paragon of the international Jewish community for Musk to parade, the Israeli leader has been facing a PR crisis of his own at home for efforts to [19]reform the judiciary that have been described by opponents as a threat to the country's democracy.
But if he can return to Israel with Musk backing the country's AI sector, which is what the conversation was supposed to be about, he thinks he'll look like less of a villain. Netanyahu presented the meeting as an opportunity to "push for [Musk] to invest in Israel in the coming years."
Speaking about how AI is both "a blessing and a curse," he said: "As a leader of a country that is an AI player, and could be a big player if we have our way, and I think we will, then we want to increase the blessings, not only for ourselves, but for all of humanity."
Musk's subscription remark is possibly throwaway – like most of what he says. But we doubt there is a single person reading who would pay for what is in its current state a "nothing app," despite the mogul's desire for it to be the "everything app."
In any case, if we were all paywalled out of using Twitter, hopefully the world's discourse would become somewhat saner. ®
Get our [20]Tech Resources
[1] https://twitter.com/netanyahu/status/1703806204894498966
[2] https://www.theguardian.com/technology/2023/sep/18/elon-musk-accuses-george-soros-foundation-of-wanting-to-destroy-western-civilisation
[3] https://www.theregister.com/2023/09/05/twitter_adl_lawsuit/
[4] https://twitter.com/elonmusk/status/1698754179148214495
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZQnFqX@MRFec0upYotXzBwAAAQk&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZQnFqX@MRFec0upYotXzBwAAAQk&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[7] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZQnFqX@MRFec0upYotXzBwAAAQk&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[8] https://time.com/6297303/twitter-x-rebrand-cost/
[9] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZQnFqX@MRFec0upYotXzBwAAAQk&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[10] https://www.seoworks.co.uk/
[11] https://www.fifty2m.com/
[12] https://www.smashtagsocial.com/
[13] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZQnFqX@MRFec0upYotXzBwAAAQk&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[14] https://bigidea.co.uk/
[15] https://www.theregister.com/2023/09/14/x_twitter_severance_suit/
[16] https://www.theregister.com/2023/09/11/x_california_moderation_law/
[17] https://www.theregister.com/2023/09/11/gates_musk_beef_biography/
[18] https://www.theregister.com/2023/09/07/musk_biography_excerpt/
[19] https://www.bbc.com/news/world-middle-east-65086871
[20] https://whitepapers.theregister.com/
Sure
If Musk really believes that, then the "small monthly fee" only needs to be $1 or less. But as Musk has lost $20B already on Twitter X, it's doubtful this is anything other than just another lame excuse.
Pay for each like and share
A better alternative is to pay for each like and share. While keeping accounts free.
The cost of a like and a share should grow exponentially with each next one (time/frequency adjusted).
Since the percentage of very rich persons is very small, and they typically have better things to do than liking/sharing, this will not be a problem.
Re: Pay for each like and share
Or generalize: charge for abusable actions. For example those that are prone to manipulation and SEO.
> "Sixteen years of an advertising-supported model resulted in $1.4 billion in net losses for Twitter [...]"
Those are not golden, and they aren't even eggs.
Why was the goose so expensive? Why would anyone buy it? The mind boggles. Even VCs ought to have understood by now that user numbers alone don't matter, if there is no way to monetize them.
Suckers hoping to find a bigger sucker, I guess, and they can be happy they found the biggest sucker of all. So much for rational markets.
With a little luck it could be like the fence around the asylum that the inhabitants think is the wall surrounding an exclusive country club. "It's totally there to keep the riff-raff out, Mr Musk."
The final nail in the coffin of Twitter. Who will continue with X if they need to pay to use it?
I need to make posts on Twitter confirming this is a genius idea, to help ensure it happens - don't fight it people, this will guarantee the collapse of the entire platform!
George Soros a bogeyman of antisemitic conspiracy theorists?
“ George Soros has long been a bogeyman of antisemitic conspiracy theorists for his political funding ”
Soros has been funding leftist District Attorneys in the US that go on to release dangerous criminals into the community under no cash bail.
[1]How George Soros funded progressive ‘legal arsonist’ DAs behind US crime surge
[2]George Soros-backed groups have spent $40 million to elect 75 progressive prosecutors over the last decade - meaning one in FIVE Americans now live in areas covered by his criminal justice reformers
[3]George Soros’ quiet overhaul of the U.S. justice system
[1] https://archive.ph/ZdnDd
[2] https://www.dailymail.co.uk/news/article-10894581/George-Soross-groups-spent-40-million-elect-75-progressive-prosecutors-decade.html
[3] https://www.politico.com/story/2016/08/george-soros-criminal-justice-reform-227519
Re: George Soros a bogeyman of antisemitic conspiracy theorists?
Can I suggest quoting the New York Post and the Daily Mail does not make your response credible in any way. Neither are exactly what you call balanced unbiased publications….
I am also astonished Soros has been responsible for keeping dangerous criminals on the street, who knew he was backing Trump, Giuliani and the rest of that RICO gang!
Any chance we could persuade Muskrat to buy TikTok next, I would like to see that gone as quickly as he has killed Twit-X!!
Godlike genius Elon Musk ?
Come on, that is beneath of the dignity of a respectable online tech site.
Re: Godlike genius Elon Musk ?
beneath of the dignity of a respectable ... site .
Luckily, we are on El Reg and not on one of these boring sites
Updated version of the "Fletcher Memorial Home"?
Well, I left Twitter before Musk bought it, and I don't miss it at all!
(We need a Toxic Environment Icon)
Re: Updated version of the "Fletcher Memorial Home"?
> (We need a Toxic Environment Icon)
there you go sir
"Oh dear. How sad. Nevermind."
I barely use it is, I logged in for the first time in 6 months last week so I could send one DM.
And I only really have it just to stop anyone else from registering an X account in my business name, and I suspect there are a lot of business out there that have it for the same reason. But unless your business has a huge following on there I personally don't think it worth considering paying a monthly fee to keep using it. I will just post up a message to say we are closing our Twitter please follow us on Instagram, Facebook etc if Musk does say you have to pay to keep using it.
There's always a silver lining
In this case, it's that the skip-fire which TwiX has become will keep my popcorn popping while I sit back in my deckchair to watch.
His argument seems to be "if you pay me then you are who you say you are". Of course we haven't seen any reports of people paying for a blue tick and then turning out not to be who they say they are....
"'Small monthly payment' only thing that stands between X and bot chaos, says Musk"
It is one thing for X/Twitter users to pay for confirmed identification verification but to force all users to pay a subscription is likely to lead to desertions to other, similar platforms and so render X/Twitter irrelevant (Hi, Myspace!). In short, it looks like he's going to voluntarily kill the goose that is laying the golden eggs.