Techdirt is a news site that has written about the tech revolution for 27 years. Lately, it's writing government stories. Mike Masnick, the site's founder, explains that's because Trump's DOGE is the tech story they've been covering for years. "We've seen how technology can be wielded to consolidate power, how institutional guardrails can be circumvented through technical and legal workarounds, and how smoke and mirrors claims about "innovation" can mask old-fashioned power grabs. It's a playbook we watched Musk perfect at Twitter, and now we're seeing it deployed on a national scale," Masnick writes. "When the very institutions that made American innovation possible are being systematically dismantled, it's not a "political" story anymore. It's a story about whether the environment that enabled all the other stories we cover will continue to exist."
"Remember all those tech CEOs who thought they could control Trump? All those VCs who figured they could profit from chaos? They're learning a very expensive lesson about the difference between creative destruction and just plain destruction." @mmasnick.bsky.social www.techdirt.com/2025/03/04/w ... [image or embed]
-- Paul J Davies (@pauljdavies.bsky.social) March 5, 2025 at 4:05 AM
What an ill informed statement/analogy, I have been on Twitter since 2012, as a customer, it seems to be just fine.
Twitter is a sewer now. It's no wonder you are so comfortable there.
Since Elon Musk bought Twitter in October 2022, the social media platform's value has dropped by 72"80%, according to Axios, Fidelity, and The Washington Post www.axios.com
This means that Musk and his investors have lost billions of dollars.
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