In this environment, frothy social media companies could see a serious cleaning of their clocks. [Gilder's Daily Prophecy] October 24, 2022 [WEBSITE]( | [UNSUBSCRIBE]( [External Advertisement] Billion-Dollar Crypto Fund Dumps Bitcoin for $2 "3rd-Gen" Crypto [Click here to learn more]( [Here's Why It Solves Crypto's Biggest Problems.]( The Fake Users Scam [Jeffery Tucker] JEFFREY
TUCKER Dear Reader, Wow, that Elon Musk has an unusual brilliance about him. He found himself extremely annoyed by the aggressive censorship on the Twitter platform and decided it needed new owners who were not so politically motivated. So he made an offer that stockholders could not refuse. He raised the money and the deal seemed done. As the deal proceeded, he began to wonder about some core claims, such as that only 5% of the users are bots. From his own use of Twitter, and hearing from others, he noted far more. He demanded evidence from the company to back up its filings. None was forthcoming. He began to smell a rat and ran a crowd source on the presence of bots. Some estimates came in at 20% or higher. He has now announced that the deal is off until the company can be transparent about precisely how many real users it does have. The company, meanwhile, says otherwise. It could turn into a court fight. In the course of this, he has exposed an epic scandal that affects the whole of the digital world. The data is easily manipulated. Users are not necessarily users. People have learned to game the system to manufacture influence. Companies count as a user people who have created accounts and forgotten about them, not having logged in for years. I’ve been working hard recently to clean up my accounts out there, and discovered for myself just how tricky this can be. I once thought Snapchat would be a thing, so I got an account. Then it bored me. I found the app the other day and decided to delete my account. After 30 minutes of trying, having completely forgotten my logins and so on, and then searching forever for the way out, I finally gave up. I’m sure the company lists me as a user. In other words, it’s a racket. Views vs Views YouTube got caught in a similar scam a few years ago. It was listing views on videos that didn’t add up to actual influence. At some point, I had begun to watch the behavior of a certain media team that was using YouTube and I noticed that there was something not quite right about the wild claims they were making. It turns out that the scam runs both ways, with the company pretending to have more reach than it actually does, even as companies selling their reach (via ads and grants) appreciated the inflated numbers too. One day I did a deep drill down into this alleged traffic. It turned out that 95% were views of only a few seconds, and most of those came from strange and far flung places in the world. It turned out that the production company was paying pennies on views that were not actual views. But to know that, you have to look very carefully and very deeply. It’s there but buried. A few months later, the scandal broke that the company had long been overreporting its traffic. They chalked it up as an innocent error and moved on. In fact, the problem is systematic and gigantic. The overcharges in this realm are legion. The ability to generate fake users, views, and traffic is rather easy to achieve. It proves too tempting for these outlets, especially because investors and advertisers are so easily bamboozled.. I’ve long been on the admin side and see the realities, and they are nothing like what these companies report. If Elon can manage to get to the bottom of this, he will have had an amazing impact on the whole social media industry. Even if he never becomes the owner of Twitter, he will force new levels of transparency and truth. There could be huge scandals lurking out there, not only at Twitter and YouTube, but also at Facebook, Tiktok, and many more. These revelations could prompt yet another deep correction in company valuations. Crypto millionaire James Altucher just revealed the cryptocurrency heâs piling into now⦠and itâs NOT Bitcoin⦠[Click here to learn more]( He reveals exactly what it is [on this page]( 8,788% returns. However, events are happening RIGHT NOW in the cryptocurrency space that could swallow up this opportunity forever. If you missed the first crypto boom… do NOT miss this one. This could be your last chance for easy profits. [Click here to find out what James is recommending now](. The Larger Point There is a larger point here that has so far gone unmentioned. Think about the use of the energies of these companies. They have their staff working long hours with deep focus to find reasons to ban anyone with right-of-center views, including even the US President. They have deleted thousands and even millions of legitimate accounts of people who have said truthful things, all at the behest of their government masters. And while they have been doing this, they have allowed bot armies to run uncontrolled in ways that radically diminish user experience. In other words, they are not doing their actual jobs and instead are using the platform to push an agenda. Meanwhile, as I am typing, an interview has emerged with an employee at Twitter who reveals that many employees only work 4 hours per week while getting paid ridiculous amounts of money, while holding essentially communist views on politics. This is obviously unsustainable. But these are times of truth. It’s all going to come out. These are the days of the great reckoning. The gig is up. The Fall from Grace What is happening to Twitter now is happening to the entire economic environment. A new poll reveals a dramatic loss in economic optimism. The problem is getting worse month over month. The same report says that consumers have dramatically cut back on spending: Among those cutting back, most cuts are happening in entertainment (91%), eating out (89%), holiday/vacation travel (89%), and memberships/subscription cancellations (83%). The high gasoline prices are forcing 73% to cut back on local driving. Many (72%) are cutting back on even good causes such as charity giving. Over two-thirds (67%) of households are watching grocery expenses. Frothy social media companies could see a serious cleaning of their clocks in this environment. When food shortages hit, and even cat food is suddenly scarce, and the power goes out, and the money keeps losing value, public anger will rise to levels we’ve not seen in our lifetimes. The privileged censors who have relied on inflated numbers for years are not going to fare well. Regards, [Jeffrey Tucker] Jeffrey Tucker These weird devices are about to appear all over America [Click here to learn more]( According to America’s top tech futurist – dubbed the “Tech Prophet” by Forbes – millions of these strange little devices are about to appear in every corner of our country… including your home. What are they? And why did one tech insider with connections to Apple and Microsoft claim they’ll “rewrite the rules of what’s possible?” [Find out more right here.]( [Paradigm]( ☰ ⊗
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