Originally Posted by notinmybackyard

Something else is keeping social media afloat while porn-social media fails because there's nothing protecting it.

Twitter has never turned a profit:
Twitter numbers paint grim profitability picture | Reuters

Facebook constantly overstates its profitability and plays a slick game of 3-card monty with its numbers:
https://www.cnbc.com/2017/09/06/sell...s-pivotal.html

Youtube is lucky if it breaks even each month:
YouTube: 1 Billion Viewers, No Profit - WSJ


You can literally dig into every one of these social media sites/apps and find the same kind of big Hollywood production style hype. However their profits never turn out to be all that great and in many cases profits are non-existent. I've got no idea how these sites have been getting away with bullshitting the markets but if or when this bubble bursts it's going to be fucking massive.