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Advertiser exodus from X gathers pace with 26% ‘planning to cut spending’
(www.theguardian.com)
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this post was submitted on 05 Sep 2024
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Advertising and advertisers are the reverse midas touch of the internet. Everything they touch turns to shit.
Case in point, just look at reddit.
YouTube is terrible without an ad blocker. The current business model is: bait users with free entertaining content, insert reasonable level of ads, stockholders get mad there isn't exponential growth, really annoy users until they subscribe. I get that companies need to make money, but this cycle seems to be faster than ever now.
The rule is ghat they need to make more money than the year before. A company that need to make money and does would not be an issue. But a company that needs to make more and more each year is the disease.
This whole idea of infinite growth is so fucking stupid because it's just not possible.
Nothing grows infinitely. It's a complete denial of reality, and because businesses refuse to accept the idea they cannot infinitely grow, we end with no plans for periods of no growth, which ends up in layoffs and the poorest getting fucked while the morons demanding infinite growth take all the money and try and do it again somewhere else.