๐ Wiser! #98: TikTok Eats BigTech | Elon Eats Himself | Bitcoin | Gen Z in the Metaverse | Decentralised Insurance
Digital ad spending has found a new home. It's all going wrong for Elon. Plus Bitcoin, Gen Z, Metaverse, Healthtech and Web3
w/Wiser! - In Case You Missed It #98
Hello Wiser! reader, I trust you had a better weekend than Elon! Boy oh boy, has it all turned ugly for the new owner of Twitter.
- advertisers want content moderation, they donโt a free for all cesspit.
- on Friday, Musk fired content moderation team (and around 50% of the workforce.)
- heโs rolling out an $8 subscription fee. The Times reported that users can buy verified status without being verified.
- advertisers are not happy and the big ones had a call with Elon. That didnโt go well!
- So, Musk tweets a conspiracy theory, blaming the advertisers withdrawal on unnamed โactivists.โ
This was after Elon retweeted a conspiracy theory about the attack on Nancy Pelosiโs husband, only to have it taken down for misinformation.
At this rate, Musk will have turned Twitter into an ad-free, pay to use app by Xmas. And driven all but the most loyal followers to a new social media home.
๐"Great read, Rick. For me, very informative." - Efi Pylarinou, global influencer, fintech and disruptive technologies.
STORY LINKS
Go Here to Read the Full Issue of Wiser! #98
TikTok is eating BigTech's lunch
What does Bitcoin, Halloween and my daughter have in common?
Roblox report on Gen Z in the Metaverse
Fidelity to let retail investors trade in crypto
Brand Strategies For Web3 & The Metaverse
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To buy access to the database, either upgrade to Premium here, or click this button.
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About Wiser!
Wiser! is a weekly newsletter that makes sense of what's happening and what's coming next in the tech economy. From disruptive technologies, like blockchain, crypto and artificial intelligence, to emerging trends, like Web3 and the Metaverse. Plus there's a big focus on BigTech and the impact of social media.
The purpose of Wiser! is simple, to help you stay interesting, informed and one step ahead of your competition. Using easy and engaging language, I make sense of it all so that you don't have too.