Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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My experience is that SV companies tend to hire people as part of demonstrating growth to investors. Layoffs starting with the data engineering team is suggestive that they may deprioritize analytics going forward. Twitter having less moderation going forward is also highly likely. At the end of the day these companies just care that enough users stay on the platform to monetize. Remains to be seen where this goes, but it's certainly possible for twitter to be profitable if they focus on direct monetization. For example, if they charge a fee for blue check accounts that could create a significant revenue.
The irony is that Twitter isn't even really that big of a platform as Internet giants go. It has outsized influence because it's the platform of choice for media outlets, journalists, celebrities, etc.
It's basically a glorified RSS feed
In fact, Techlore got banned from there and created their own update system complete with an RSS feed.