#reddit investors

[financefever]

Forex - Has no End?

Riddle: What has no end, yet always comes back around?

Forex trading and stock trading are both popular investment options, but many people are unsure which one is better. Both forex and stocks offer the potential for profitability, but they also bring their own unique risks. To help you decide which one is right for you, let’s take a look at the pros and cons of forex trading versus stock trading.

When it comes to forex trading, the primary benefit is that it is a 24-hour market. This means that you can trade any time of day or night, regardless of the stock market hours. This can be particularly advantageous for investors who have busy schedules or who trade from different parts of the world. Additionally, forex trading allows you to trade on multiple currency pairs, giving you the potential to diversify your portfolio.

The downside of forex trading is that it is a highly leveraged market. This means that you can leverage your investments to a greater degree than you can with stocks, which can result in greater potential losses. Additionally, the forex market can be extremely volatile, making it difficult to predict future movements.

When it comes to stock trading, the primary benefit is that it is a regulated market. This means that stocks are traded under set rules and regulations, making it easier to protect your investments. Additionally, stock trading allows you to invest in individual companies and funds, giving you the potential to diversify your portfolio more than you can with forex.

The downside of stock trading is that you have to pay fees to trade stocks. These fees can add up quickly, making it difficult to make a profit on small trades. Additionally, stock markets tend to be less liquid than forex markets, making it more difficult to buy and sell stocks quickly.

Overall, forex trading and stock trading both offer the potential for profitability, but they also bring their own unique risks. Forex trading allows you to trade on multiple currency pairs and offers the potential for 24-hour trading, but it is highly leveraged and can be extremely volatile. Stock trading offers the potential to invest in individual companies and funds and is regulated, but it also comes with fees and is less liquid. Ultimately, the best choice for you will depend on your own personal goals and risk tolerance.

Answer to Riddle: The Stock Market

[yogibhanushalirealtor]

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[soupacool]

the homogenization of the internet fucking sucks man. everything is changing to be more like other things and abandoning the things that made us like them at all

[photomatt]

Why “Go Nuts, Show Nuts” Doesn’t Work in 2022

For those who don’t know or remember, Tumblr used to have a policy around porn that was literally “Go nuts, show nuts. Whatever.” That was memorable and hilarious, and for many people, Tumblr both hosted and helped with the discovery of a unique type of adult content.

In 2018, when Tumblr was owned by Verizon, they swung in the other direction and instituted an adult content ban that took out not only porn but also a ton of art and artists – including a ban on what must have been fun for a lawyer to write, female presenting nipples. This policy is currently still in place, though the Tumblr and Automattic teams are working to make it more open and common-sense, and the community labels launch is a first step toward that.

That said, no modern internet service in 2022 can have the rules that Tumblr did in 2007. I am personally extremely libertarian in terms of what consenting adults should be able to share, and I agree with “go nuts, show nuts” in principle, but the casually porn-friendly era of the early internet is currently impossible. Here’s why:

Credit card companies are anti-porn. You’ve probably heard how Pornhub can’t accept credit cards anymore. Or seen the new rules from Mastercard. Whatever crypto-utopia might come in the coming decades, today if you are blocked from banks, credit card processing, and financial services, you’re blocked from the modern economy. The vast majority of Automattic’s revenue comes from people buying our services and auto-renewing on credit cards, including the ads-free browsing upgrade that Tumblr recently launched. If we lost the ability to process credit cards, it wouldn’t just threaten Tumblr, but also the 2,000+ people in 97 countries that work at Automattic across all our products.

App stores, particularly Apple’s, are anti-porn. Tumblr started in 2007, the same year the iPhone was released. Originally, the iPhone didn’t have an App Store, and the speed of connectivity and quality of the screen meant that people didn’t use their smartphone very much and mostly interacted with Tumblr on the web, using desktop and laptop computers (really). Today 40% of our signups and 85% of our page views come from people on mobile apps, not on the web. Apple has its own rules for what’s allowed in their App Store, and the interpretation of those rules can vary depending on who is reviewing your app on any given day. Previous decisions on what’s allowed can be reversed any time you submit an app update, which we do several times a month. If Apple permanently banned Tumblr from the App Store, we’d probably have to shut the service down. If you want apps to allow more adult content, please lobby Apple. No one in the App Store has any effective power, even multi-hundred-billion companies like Facebook/Meta can be devastated when Apple changes its policies. Aside: Why do Twitter and Reddit get away with tons of super hardcore content? Ask Apple, because I don’t know. My guess is that Twitter and Reddit are too big for Apple to block so they decided to make an example out of Tumblr, which has “only” 102 million monthly visitors. Maybe Twitter gets blocked by Apple sometimes too but can’t talk about it because they’re a public company and it would scare investors.

There are lots of new rules around verifying consent and age in adult content. The rise of smartphones also means that everyone has a camera that can capture pictures and video at any time. Non-consensual sharing has grown exponentially and has been a huge problem on dedicated porn sites like Pornhub – and governments have rightly been expanding laws and regulations to make sure everyone being shown in online adult content is of legal age and has consented to the material being shared. Tumblr has no way to go back and identify the featured persons or the legality of every piece of adult content that was shared on the platform and taken down in 2018, nor does it have the resources or expertise to do that for new uploads.

Porn requires different service providers up and down the stack. In addition to a company primarily serving adult content not having access to normal financial services and being blocked by app stores, they also need specialized service providers – for example, for their bandwidth and network connections. Most traditional investors won’t fund primarily adult businesses, and may not even be allowed to by their LP agreements. (When Starbucks started selling alcohol at select stores, some investors were forced to sell their stock.)

If you wanted to start an adult social network in 2022, you’d need to be web-only on iOS and side load on Android, take payment in crypto, have a way to convert crypto to fiat for business operations without being blocked, do a ton of work in age and identity verification and compliance so you don’t go to jail, protect all of that identity information so you don’t dox your users, and make a ton of money. I estimate you’d need at least $7 million a year for every 1 million daily active users to support server storage and bandwidth (the GIFs and videos shared on Tumblr use a ton of both) in addition to hosting, moderation, compliance, and developer costs. 

I do hope that a dedicated service or company is started that will replace what people used to get from porn on Tumblr. It may already exist and I don’t know about it. They’ll have an uphill battle under current regimes, and if you think that’s a bad thing please try to change the regimes. Don’t attack companies following legal and business realities as they exist.

[stockmarket3334]

What is GMX crypto? | Is GMX a good buy?

What is GMX crypto? | Is GMX a good buy?

What is GMX crypto?  Is GMX A Good Investment? Today we will discuss the GMX Coin issue in detail. Our goal is to provide you with all the answers you are wondering about the Gmx Coin Project. GMX Coin is one of the most well-known coins. It is listed on many major stock exchanges. At the same time, it is among the coins that leave a Decently high profit. Let’s get right to it. What is GMX…

[togglesbloggle]

Why do you think tumblr will die in only a few years?

Answer with jargon: a strong correlation between recent economic shifts and chaotic choices by major tech companies is most easily explained if the 'traditional' social media platforms of 2005-2020 are mostly a zero-interest rate phenomenon.

Longer answer, with less jargon: Even though Musk's takeover is making all the headlines recently, the last year has in fact seen major shakeups at many social media platforms, so Twitter is actually part of a trend. Almost inevitably, these are cases of social media companies trying to find a way to squeeze more money out of their userbase (Reddit), cut costs dramatically (Twitter), or both. This marks a sudden departure from a much more relaxed attitude towards revenue in the Pictures Of Cats industry, where the focus was historically more on expanding the userbase to a global scale and then counting on world domination to sort of <????> and then the company would become profitable eventually.

We joke, correctly, that Tumblr has never been profitable. But the entire structure of ad-supported content curation between human users is deeply suspect as a business model; IIRC Twitter was never profitable either, and Facebook has been juicing its numbers in very shenanigany ways. Discord was actually making money on net last I checked, at least a bit, so they're not all completely in the hole. But even if you take the accounting figures at face value, none of these companies has anything like the amount of money that their cultural prominence would suggest. Instead, they're heavily fueled by investment dollars, money given by super-rich people and institutions in the expectation that fueling the growth of the company now will pay off with interest later.

So what changed?

I'm not an expert here, but I'll do my best to muddle through. The American Federal Reserve has one mandate that dominates all others (sometimes called the 'dual mandate'), and one primary tool that it uses to enforce that mandate. The goal is to maintain low (but nonzero) rates of inflation and unemployment, which in their models are deeply interlinked phenomena. The tool is 'rate hikes', or more specifically, tweaking the mandatory rate of interest that banks charge one another when making loans.

As a particular consequence of this, hiking the rate also means that bonds start paying out much better. When the rate hike goes through, that affects people who let the government borrow their personal cash- that is, people who buy bonds- as well as institutions like banks that lend to one another. A rate hike means that you, personally, can make a little extra money by letting the government borrow it for a while. The federal government of the US is a rock-solid low-risk choice for this kind of moneymaking scheme, so the federal interest rate sort of defines the 'number to beat'; to attract investors, a company has to give those investors money at a better percentage than whatever the feds are offering. Particularly since a company is a lot more likely to go out of business than the state!

To wrap this back around to the Pictures Of Cats industry: the higher the rate hike, the better your company needs to be doing (or the less risky it needs to be as an option) to attract big investment dollars. Very high rates make it very hard to convince people to invest in business activity rather than the government itself, and very low rates put moonshots and big dreams on the table, investment-wise, in a way that wouldn't otherwise be possible. Social media companies were one of these big dreams.

In the great financial crisis of 2008, the Fed took the dramatic step of reducing their rate to zero, trying to juice the economy back to life. And ever since then, they've kept it there. This has produced an unprecedented amount of funding for very crazy stuff; it's part of what has allowed so many weird new tech companies (Uber, streaming services, etc.) to get so much money, so quickly, and use that to grow to massive size without a clear model of how they're ever going to make money. This state of affairs kept going for quite a while, with no clear stopping point; that zero-interest environment has been one of the shadowy forces in the background that shaped fundamental contours and limits in how our Very Online World has grown and developed. Until COVID.

Or rather, the bounce back from COVID: we suddenly saw a massive spike in inflation and an incredibly strong labor market, as employees quit in record numbers, negotiated higher salaries, and found better work, and at the same time supply chain issues and other economy stuff caused prices to climb dramatically. Recall the Fed's 'dual mandate', to control the employment rate and inflation. This was, basically, kicking them right in the jooblies. They responded in kind, finally finally raising their rates for the first time in 15 years. For some of the people reading this, it'll be the first significant shift in their entire adult lives.

The goal, as I understand it, is to fight inflation by reducing the amount of outside investment into private companies, forcing them to hire fewer people and pay smaller salaries, ultimately drawing money out of the working economy and driving prices back down by lowering demand for everything. You get paid less, so you eat out less, and buy at cheaper restaurants when you do, so restaurants have to compete harder by lowering their prices; seems pretty dodgy to me as a theory, but it's the theory. And the first part will almost certainly work- companies are going to see less investment.

For social media companies that are still paying most of their salaries with investor dollars instead of revenues, this is especially catastrophic. Without outside investment, they're just a massive pile of expenses waiting to happen, huge yearly costs in developer salaries and server fees. This is why, all of a sudden, every social media company is suddenly making bonkers decisions. They're noticing that nobody wants to give them any more money! So they're trying to figure out how to live a lot more cheaply, to actually somehow for reals turn their giant userbases in to some kind of actual revenue stream, or both.

Tumblr is kind of the ur-example of this kind of thing, supporting a very large userbase with no coherent plan whatsoever to start paying its staff with our dollars instead of investors' dollars. When interest rates were low and Scrooge McDuck had nowhere else to hide his pile of gold coins, a crazy kid with a dream was the best alternative available to him. But now, unless something changes, he's going to notice he can just buy bonds instead, and that crazy kid can go take a hike.

That's why I think Tumblr is living on borrowed time, though I don't know how much. Like all cartoons, the economy doesn't really fall off a cliff until somebody looks down and notices they've been standing on thin air this whole time. But they always fall eventually; that's the gag.

[mitchipedia]

Reddit is speedrunning enshittification.

Hypothesis: The owners of the company are no longer interested in keeping the business going, and are just trying to maximize financial return by selling off every possible asset.

In Reddit’s case, the upcoming IPO isn’t the beginning of a new chapter in the business. It’s the end of the business.

The most financially valuable part of Reddit is its fat corpus of content, built by volunteers over many years, suddenly made valuable for training AI. Now, Reddit’s corporate owners want to sell access to that corpus. That is Reddit’s new business. It’s not a long-term business, because the corpus will decay in value over time. But it’s enough for the owners to cash out.

I’m inspired in this thinking by yesterday’s edition of Rusty Foster’s “Today in Tabs.”. I don’t think he’s making this exact point, but he’s putting all the dots down, without necessarily connecting them.

John Gruber at Daring Fireball notes that OpenAI already scooped up Reddit’s corpus of data when the APIs were free. The data has no value anymore.

Reddit already gave all its data to large companies for free. Huffman is trying to charge now for horses that were let out of the barn years ago. And he obviously doesn’t care about Apollo or other third-party Reddit clients, or what these moves do to Reddit’s reputation as a platform vendor. He’s just trapped in a fantasy where investors are going to somehow see Reddit as a player in the current moment of AI hype.

Also, on Ryan Broderick’s Garbage Day: “Platforms Don’t Really Make Sense Anymore”:

We tolerated large platforms, that were never all that good to begin with, because they were convenient and useful and part of a larger interconnected network of tools and apps and systems that made the digital world safer and more dynamic. So you’d think, if they were actively deciding to stop being part of that larger system and no longer interested in making the internet, as a whole, function better, they would, at the very least, try and be more convenient! But instead we’ve ended up in a situation where all the local stores are gone, Main Street is deserted, and the large Walmarts on the edge of town are being set on fire and left to rot.

[debian-official]

hello system that operates my computer do you mind explaining the discord hate ty

hello software that runs on my computer of course :3

In summary, it's about enabling venture capital and complaining when they ruin the internet. It's not discord-specific. There's two components to it: monopolizing and enshittifying.

Once upon a day someone decided that their options for a chat platform weren't sufficient and built their own alternative. Then, some investors came along and who can say no to 20 million? With that kind of money you can undercut (read: offer a free service) the competition and become the default platform everyone goes to.

People love free services!

Sadly, the investors will come knocking again at some point. That's the second phase. Because people know only your service (or everyone else has gone bankrupt) they're very hesitant to move. That allows you to raise prices and paywall all kinds of features. At this point users will complain but that doesn't matter, enough of them will stay anyway and enough of those will pay up, as well.

Off the top of my head this has already happened at Google Search, Reddit and Twitter. Imagine my frustration when the same people who complained during the reddit thing, migrated to discord.

I will not address free vs. paid software here (and means to afford them). That deserves to get addressed as well but not in this post.

[financefever]

Forex - Make It Work For You

"Money is only useful when you know how to make it work for you." - Robert Kiyosaki

The foreign exchange (forex) market is an exciting and dynamic arena for investing and speculation. It is the largest financial market in the world and is open 24 hours a day, five days a week. Trading forex involves the buying and selling of currencies in an effort to make a profit.

With its high liquidity, low transaction costs, and potential for high returns, it is no wonder why so many people are drawn to trading the forex market. But can forex make you rich? The short answer is yes, forex can make you rich.

However, it is important to remember that forex trading does not guarantee profits and there is significant risk involved. It is possible to become rich from forex trading, but it will require a combination of skill, discipline, and dedication.

To be successful in forex trading, you must have a thorough understanding of the markets, a well-thought-out trading strategy, and the ability to manage risk effectively. In order to make money and become wealthy through forex trading, you must first develop a solid trading plan.

This plan should include a strategy for entry and exit points, as well as the amount of risk you are willing to take. A successful trader must also be able to identify trends in the market and adjust their strategy accordingly.

Additionally, you must also be willing to put in the time and effort to become a successful trader. Forex trading requires a lot of hard work, practice, and dedication. It can take months or even years to develop the skills and knowledge needed to become a successful trader.

Finally, you must also be willing to accept the risk associated with trading the forex market. There is no guarantee of success and losses are inevitable. As such, you must be prepared to accept the risks and be willing to accept losses in order to make gains.

So, can forex make you rich? The answer is yes, but it requires a combination of skill, discipline, and dedication. Trading the forex market can be highly rewarding, but it is important to remember that there is significant risk involved.

As such, a thorough understanding of the markets and a well-thought-out trading strategy are essential for success.

"Wealth is not about having a lot of money; it's about having a lot of options." - Chris Rock

[shaveyoureyebrows]

Yo yo yo it's gangster Shave *starts rapping about tremes*

Would you believe we've almost caught up to the SYE tremes found on Reddit and (preferably) Raddle?

Ok I'm late for an investor call I have to run love you byeeeeeeeeeeeeeeeee

[kuroosdarling]

a/n: this is just something silly lol based off of a reddit post i saw bout about how someone’s bf blinks at them like a cat to show affection <3

kenma read about it once in a book; the way that cats express their love. he thought it was cute. the way they show their belly, purr a little bit more, slowly blink at their favorite person. small, subtle; powerful. a sign of complete trust. like he said, it was cute.

but he never thought he’d adapt it into his own love language. didn’t think that slowly blinking his eyes at you meant anything at all besides getting lost in your beauty. he hardly even recognized he was doing it, in fact. until you pointed it out.

he tried to deny it at first, somewhat embarsssed that he was showing affection the same way a cat would. if only his old classmates at nekoma knew, they’d have a field day with him.

but his perspective changed the night he took you to one of his work parties; the kind that had him stuffed into a suit and feeling like a fish out of water. he’s used to it by now, of course, but he’d much rather be curled up with you at home rather than trying to network with potential investors.

he met your eye from across the room. you had gone to get drinks while he was standing in a small group that wouldn’t stop talking. the moment your eyes met his, you started the slow blink — fluttering your lashes while the softest smile formed on your face.

warmth filled him, the simple yet silly gesture had all of his nerves quiet down. all lingering negativity vanished. he felt himself return the look. so subtle that no one could ever tell you were practically screaming your declarations of love across the room. no, it was your shared little secret.

[myfandomrealitea]

I wish I had a place to post my fucked up arts without being cancelled 😭

Honestly I think the drawn arts have suffered perhaps the most out of modern censorship. Especially the communities, too, because when sites ban things to please advertisers, investors and the handful of people squawking about protecting the children, it creates this mentality of; 'if its been banned its bad, so whoever makes it or enjoys it is bad too.'

There will literally always be at least one person who comes after you for what you create. Lord knows I enough enough angry anons in my inbox on a daily basis and all I do is rant about antis and occasionally knock my braincells together with enough force to say something vaguely helpful.

My best advice for avoiding being 'cancelled' is to heavily, heavily curate your online space and the people you aim to include within it. This could be by:

Following specifically other blogs who post similar content or express interest in similar content to what you produce or your interests.

Pre-emptively blocking blogs who express disgust or hatred for the content you produce or like, blogs who express moral stances conflicting to yours, ect. This is expressly helpful on sites like Twitter where options to limit engagement are limited.

Tagging properly, and including trigger and warnings tags whom others are likely to have blocked. This prevents people from seeing something they don't want to, and also gives you coverage if they try to accuse you of 'spreading it around.'

In cases of art that may have more extreme content, try using spoiler flags or any filtration option that requires viewers to actively consent to viewing it. Relevant to above, nobody can cry wolf about 'being exposed' because they would've had to physically reveal the work to themselves.

DeviantArt unfortunately recently changed its policies to a frankly ridiculously constrictive degree, so while I previously would've recommended that as a place to host your artwork and find a safer community, I can no longer. Hopefully someone is successful in pushing for the site to reform to its previous rules soon.

ArtStation is an option. The site is not eligible to anyone under 18 and sexual, gore, fetish, and 'mature' content is allowed provided the usual stipulation that you aren't using it in order to cause, infer or threaten harm against someone. A lot of the site is geared toward marketing artwork, though, so you might be hard pressed to find more of a community aspect to it.

Rule 34.com is... Objectively one of the best places you can host your artwork if you create content that is based on sexual themes. The protective rights aren't the greatest, but anyone who uses Rule 34 has no leg to stand on regarding morality and censorship.

Reddit has a lot of subreddits for sharing art, and a bonus is you can find subreddits specifically geared toward artwork based on things like gore, violence, sexual content, ect. Filtering options and monitoring are basically non-existent, however. Also, Reddit sometimes spontaneously decides a specific post is against its TOS and yeets it.

There's also the option of building a Discord server based around sharing artwork of certain themes, which is objectively the format that allows you the most control over who views it, but it also means your art has a limited presence. (Can't be reblogged, ect.)

If you do check out any of the websites, always be thorough in reading the Terms of Service and the Community Guidelines.

[genericpuff]

So Webtoons is getting sued by a bunch of law firms in class action lawsuit. Saw it on reddit. Apparently they lied to shareholders about revenue which is like one of the worst things I could imagine doing to your shareholders. Then their stock dropped again. Wow....wonder how this is gonna effect readers going forward or how they're gonna be more exploitative in the future. Not saying the down of Webtoons has begun but I wonder if it's gonna be the start of it.

Yep, I've been following this since the initial investigations began.

All that said, we likely won't see anything of this for a while, if anything even comes of it. The reality is that Webtoons... really didn't actually lie about being bad at making money. It's literally outlined in their IPO documentation:

So these lawsuits, at least in my opinion (*I AM NOT A LAWYER NOR AM I ANYONE WHO HAS ANY EXPERIENCE PLACING WALL STREET BETS, TAKE WHAT I HAVE TO SAY WITH MOUNTAINS OF SALT) is less about Webtoons 'lying' to shareholders and more so about them kicking the debt down the road which these lawyers want to try and hold them accountable for. It's not uncommon for startups to seek out private and/or public funding to help them stay out of bankruptcy, but such practice is incredibly shitty because if a company was already near the point of bankruptcy to begin with, what exactly is going to change to ensure that they actually make that money back with an additional net gain for those investors?

So in that sense, either something will come of this, or it won't, nothing's really a guarantee as of now. It's just as common for startups seeking public investments to get sued within their first 1-2 years because a company not returning on their initial investments within 3-6 months is a prime cut for lawyers to drool over. Despite their attempts to be honest about their earnings, the vast majority of Wall Street investors are paranoid little fuckers who invest in whatever's new and exciting with the hopes that it'll turn them a profit quickly and without headache. Unfortunately, Webtoons isn't a company that's known for having huge profit margins, which these investors would have realized if they knew anything about this industry or at the very least, bothered to read the fine print that Webtoons was obligated to lay out for them in their documentation. At best the majority of them saw Webtoons' offering that covered buzzwords like "content generation" and "AI" and went "yes please, I love money!" without realizing that webtoons, as a medium, have some of the highest production expenses to lowest-paying demographics out there and therefore companies like Webtoons aren't going to be a short-term gratification. It's more like waiting it out for the "next big thing" that will make that stock valuable again, a massive gamble that isn't guaranteed to payoff. And that's just the game of Wall Street in general.

That said, it's because of how difficult it is to directly monetize digital comics that Webtoons often has to rely on selling merchandise and IP rights in the hopes they'll land a whale - but even their pre-existing whales like Lore Olympus and Let's Play have either nothing to show for themselves, or have left the platform entirely. Of course, they'll vaguely claim that two of Netflix's highest-performing projects came from their platform, but any peek at an aggregated Top 10 list will prove that that is simply not true, and at best, they're referring to True Beauty's live action adaption, which is simply not even close to breaching that list of all-time top-performers (except probably in Korea but this is Goldman Sachs and their American investors they're trying to convince), All of Us are Dead (see above, same situation as True Beauty), and Heartstopper which is... not even an Originals series. Of course, that didn't stop Webtoons and Tapas from boasting about Heartstopper's Netflix adaption and its success on the platform, but literally none of its success is exclusively owed to either of those platforms, Alice Oseman flies solo and if anything, Heartstopper never would have gotten to the point it's at if it were tied down to a Webtoon Originals contract.

So in a sense, until anything comes of these lawsuits, they're more so just lawyers jumping on their own investment opportunity - the opportunity to get settlements from Webtoons for both their clients and themselves by extension. At best what they feasibly have against Webtoons is the company getting way too high on their own supply without anything to feasibly show in terms of profit for their IP's. Considering how many IP's they sold to television and film production studios back in 2019-2022 when they were at their peak over the lockdowns - a peak that is long in the rearview mirror - they are incredibly behind in actually paying off those promises. Even in a recent meeting they held just the other day with Goldman Sachs, they're quoted as saying: "When Rachel Smythe was a graphic designer in New Zealand, 4 or 5 years ago, and she had a story to tell, we enabled her to not just tell it in one part of the world, but globally. She became a NYT Bestselling author, she is rumored to be releasing soon as a major animated release."

When even the company that hosts Lore Olympus as its prize pig can only say that its long-anticipated TV production that both Rachel and Webtoons have been assuring people on repeat that the show is "still happening" and that what they've seen so far "looks amazing" is simply 'rumored to be releasing soon'... I don't even have the words to describe how embarrassing that is for them. Never mind the fact that Lore Olympus has been over for months and both it and its creator, Rachel, have been falling into the pits of irrelevancy. They don't have any other home-runners to bet on, they're just continuing to bank on Rachel as their own example of someone who "got big" even though it was years ago and that fame is now shrinking with the passage of time, you can even see the performance of the series dipping in its own front-end metrics over time. They are trying so hard to convince people that they're worth investing in when the one thing that actually DID have that kind of allure has now come and gone.

Never mind the fact that again, most Wall Street investors probably don't even participate in webtoon culture so the name "Rachel Smythe" isn't some golden ticket to fortune. Lore Olympus might get a bit more of a reaction, but it's going to be a lot more mixed due to how divisive the series became in the end, and general audiences who are new to Webtoons as a public company (and the medium as a whole) are still not so likely to know what the fuck that means or why it's significant. The best time to pull the "we have Rachel Smythe!" card in the public investing pool was, like many other things Webtoons has fallen behind in, years ago. Now it's clear Webtoons thinks that Rachel is their own personal J.K. Rowling, but they forgot the part where Rachel is creating for an incredibly niche and historically unprofitable medium that is nowhere near as big as what Harry Potter was back in its prime, and - personally speaking - that Rowling and Rachel are both, well... terrible at what they do.

Webtoons also has the added burden of not being a startup company. They're not some grassroots Silicon Valley tech startup run by a bunch of friends "with a dream", they're an extension of an industry that thrives overseas but barely has any infrastructure to support it here. They've been bankrolled for years by an overseeing tech company - Naver - but have consistently failed to get out of the red and so of course, now they're turning to public investments to help them out and subsequently, are passing that debt off to the next highest bidder, which is Wall Street. They had nearly a decade to figure their shit out here in the West and while they had their opportunities to thrive, those opportunities have come and gone, a lot of doors have closed and now this all feels like their own attempts to rip those doors back open again.

There is a LOT to insinuate already that Webtoons - a Korean-hosted platform - wasn't ready to enter the Western market and this fumbling of their public stock image is yet another great example of that. Even outside of Webtoons, other Korean-run platforms like Tapas have relied on private investments to keep them afloat (and still do, Tapas is still operating privately) and have routinely struggled to get a real foothold in the greater Western industry despite how much they hyped themselves up as the "next big thing". They're all playing the same game over and over again expecting better scores even though the playing fields are entirely different than what they've come to expect in Korea, where much of the entertainment industry is built around webtoons, much like how our entertainment industry in the West is built around comic giants like Marvel and DC (and even those giants are faltering as we've been seeing over the past several years).

Anyways. I don't know if this lawsuit is gonna go anywhere, there's a lot to the legal process that could lead to a variety of different outcomes, but at the very least, their plummeting stock value and the lawyers circling them from above is yet another notch on their belt of fuck-ups over the past few years. I know it's easy to say this in hindsight and I'm not the kind of guy to say "I told you so", but considering I've been following along with the bullshit of these major platforms for years and knew as soon as Webtoons was rumored to be going forward with an IPO that it would lead to disaster, I'm pretty confident in saying, "No really, I told you so." And I don't entirely blame the investors for that (except for the ones that clearly didn't read the fine print) - I also blame Webtoons for that, because they are a chronically unprofitable company run by a bunch of clowns who manufactured their own demise by getting in WAY over their heads and clearly don't even have a concept of a plan let alone an actionable one.

And that sucks, because the people who stand to get hurt the most are the ones who were made those empty promises years ago, long before the platform entered Wall Street - and that's the creators who were promised that their livelihoods would be secured and their work would be protected.

I will forever bully and make fun of Webtoons for everything they've done in and to this industry. I hope at the very least those investors learned an expensive lesson, and that the damage these lawsuits have already caused to Webtoons' public image - regardless of whether or not these lawsuits win - empowers others who have been screwed over by them to speak up and make their moves. They are not a monolith. They are a brittle business operating from the trunk of a clown car on their way to becoming a penny-stocks sham.

Fuck Webtoons <3

[the-timewatcher]

A disgruntled Tumblrina (gender-neutral) made a website and why you should too.

Or "reject social media, return to personal websites".

PART 1: THE PART WHERE I CONVINCE YOU TO MOVE TO PERSONAL WEBSITES

So, the Web 2.0 social media infested landscape seems to be crumbling before our very eyes. Reddit's leadership is increasingly greedy, Twitter is sinking under the weight of Elon's massive, yet increasingly fragile ego, Tumblr is slowly turning into another lifeless corpo-fest, complete with the layout, Instagram continues to be vapid and soulless and Facebook seems to be going the way of MySpace.

(feel free to check the alt text on these, btw)

In these troubling times, where everything looks the same and you're expected to be milked for every dollar you're worth, what is a disgruntled Internet surfer such as yourself to do? Move to an untested alternative that's bound to get overrun by fascists thanks to poor moderation? Stay the course on the sinking ships you're used to?

Well, what if I told you that we've solved this problem way back in the 90's and early 2000's and were merely duped by the Big Zuck into forgetting our legacy? What if there was a cure for the sanitized, dull social media hellscape?

It takes a bit of work, when compared to just using a social media site, but even if your particular use case makes switching difficult (ex. an artist looking to promote their work), it's still a good secondary option to consider.

The core appeal is the ability to customize and individualize, make a corner of cyberspace unabashedly yours,

It can also be an exciting avenue of creative expression, giving whatever you want to say a unique coat of paint,

Most website hosting services are a bit more lax about what you can do on them, due to changes in the profit structure (rather than depending on advertisers and investors, they either have a premium option to give supporters perks, have another product, or, in the case of paid services, you renting that space IS the product),

If you want your website to be more accomodating and accessible, you don't have to file tons of feedback - do it yourself,

If you'd like to connect with other webmasters and promote each other's websites, we have webrings - sets of circular links that connect websites with something in common, be it a topic, aesthetic or friend group,

You're less likely to have your stuff purged by an ill-advised change in policy (especially if you have a backup of your files somewhere),

The more people do it, the less power those massive social media corpos have over the internet,

It can be a load of fun!

If I have you convinced, keep reading into part 2. If you just wanna see what I did, skip to part 3. If neither, feel free to continue scrolling. I won't hold it against you. You'll be missing out, that's all.

PART 2: SO, YOU WANNA MAKE A WEBSITE!

Good choice, here's some resources!

sadgrl's absolute beginner's guide to Neocities - what it says on the tin!

W3Schools - a more in-depth tutorial site, a learning resource so excellent it substituted for what I was supposed to learn in technical highschool (because our teacher just told us to go on W3Schools instead of teaching us shit)

A list of free layouts for your website - whether to use as a base to learn from or to simply take for yourself,

Neocities - the posterchild for free website hosting for personal websites. Doesn't allow video or audio, but you can get around that by linking those files from elsewhere. Beginner-friendly to a fault - once you have an account just drag and drop your files in,

Gitlab (& Gitlab Pages) - a more advanced option, but it has a few advantages of its own. Gitlab is a website hoster second and a version control service first - which is programmer speak for "keeps track of changes in your code and stores a backup of it online". it helps a lot when working on multiple devices or co-writing with a friend. And secondly, you can use Gitlab Actions to automate putting your website up (even on Neocities, like I do!)

My askbox - I am not joking, if you have any questions about any of this, I'd love nothing more than to help you out!

But with most of my indie web propaganda out of the way, it's time.

PART 3: Welcome to Timewatcher OS.

Of course, because I couldn't be normal when it comes to making a website, I had to turn it into a fake operating system. Each subpage is an "app", opened in a separate embed window. It has unlockable wallpapers (no pay2win, prommy). There's bideo games on it! I even made a music player for it so I can share my incongruent music tastes!

Like I said in my Tumblr bio, if I ever go radio silent for more than a month, it means I've gotten fed up with this hellsite and moved to my own homepage permamently. And I highly advise you make an option like this for yourself too! Lastly, if any of y'all would like to start a webring, do let me know in the askbox - I'm down to manage it if I'm not alone in there.

Anyways, I hope I convinced you to make a website, or at least check out some of the cool sites you've been missing out on! Hope to see you on the Old Web!

[houseofbrat]

As someone who works in PR I am ASTONISHED at how bad Kensington Palace is at all of this. It’s the most interesting part of the whole thing for me. Well that, and how much it seemingly vindicates H&M and Harry in particular in what he’s said about the firm and the media’s role in protecting the Heir at all costs.

Yeah I work in PR for a public company and anytime we want to put something out we have to run it up the chain - we need legal and Investor relations and executive approvals.

Even if KP and BP had their individual PR teams, which makes sense, there should still be one main central PR office that everyone answers to that manages the entire royal families PR, makes sure schedules and press opportunities and STRATEGY AND MESSAGING all aligns, before running up the chain for final approvals. There’d be a social team and a crisis team and government relations team and a branding team and a general “talent rep” kind of team, all working in tandem to serve the overall strategy for the royal family.

The fact that there are so many cooks in so many different kitchens is why the royal family has had so many PR disasters honestly for decades now. They’re truly doing it all wrong. So many Worst Practices here, not Best Practices.

It really doesn't seem like there is an overall PR team. Just the separate entities

Yeah and that’s the problem IMO. They are a business that should be run like a business. They should have the individual departments I suggested, and even more, working in tandem.

The fact that there are so many separate entities with different agendas and priorities is a huge part of their problem IMO.

But Charles has been transparent for the most part!! And photographed repeatedly. It’s so bizarre when compared to KP, and feels passive aggressive to me to be honest lolol.

They’re really so so so bad at this 😭😭😭😭 but the British public and the media lets them get away with it 🙃🙃🙃

For heaven’s sake. If she’s recovering nicely, why resort to recycling old photos?

Other sources are making a pretty good case for the fact that it’s a November photo, taken after Catherine and the children visited the baby bank.

Does nobody, and I mean nobody, know how to do PR in that place anymore? Now it's pin all of this on just-recovering-from-abdominal-surgery Kate? Why not on William since they were so proud about how he was the one that took the photo? Somehow they keep making everything ten times worse.

I’m sorry, but I don’t believe for a second that Kate personally edited that photo together in such a way that it had to be killed as inauthentic. The pulling of the photo is likely more about the refusal to provide metadata or the raw image for proof rather than silly Photoshop choices. That isn’t an issue of “mummy going wild on the computer,” it’s a larger organizational issue about trust, transparency, and KP’s overall poor approach to news orgs and the press lately.

Why is Kate taking the fall? Why is William such a lout to let an ill Kate put this on her own shoulders rather than admit KP made an error or say KP is going to reevaluate their practices and make a change?

Are college interns running Palace p.r.? Because I cannot understand how they're botching this so badly. If Kate couldn't/wouldn't pose for a legit photo, then just don't release anything. The Royals are basically dumping tankers of gas on the inferno by playing all these games. 

Sorry, am I going insane? After saying they wouldn’t respond to these conspiracy theories, they

a) responded by putting out a doctored image,

b) responded to the backlash of doctored image by claiming the woman recovering from a medical issue was playing around in Photoshop, and

c) responded to the backlash of editing claims by putting out an image where the person in the photo is supposed to be Kate but could LITERALLY BE ANYBODY.

NONE OF YOU ARE FINDING THIS WEIRD? NONE?!

"Kate's Back"

Well, it is indeed a picture of Kate's back

Apparently the main symptom of her mysterious medical condition is that any photo with her in it immediately becomes grainy, blurry, or with people's wrists trying to escape into a fifth dimension.

Good Lord, I haven't followed a disaster story this closely since Oceangate Titan and this one may be even worse. The narrative is out of control and the rules have gone out the window.

They already lost control of the narrative at this point. No matter what they do now, they will be scrutinized more than they've ever been before. And they seem grossly unprepared for it.

She’s not even facing camera, how is this supposed to help? This just feeds the conspiracy theorists! headdesk

It's becoming a PR nightmare that only Olivia Pope can rescue.

Maybe the better question is that people are concerned about Kate's welfare, and most WERE okay with waiting under the timeline KP initially offered that is she will likely return by or after Easter.

However KP has mismanaged the messaging, and with that concern grows over how weird some of the updates are. The article explains why this medical time out is turning into an absolute PR crisis. It isn't so much about Kates right to medical privacy (she definitely deserves that )

It now is about institutional reliability, the heir William's arguably erratic or unusual behavior or his courtiers' comments, the mess with the all kill photoshopped/Frankensteined photo (which has never happened before with a palace released photo), the very different approaches from BP vs KP, etc etc. It's become bigger than Kate sad to say.

And ultimately now people are worried for her, in a way they wouldn't have been, because things have become so irregular and bungled. So the urgency to make sure she is safe and okay has become louder and more insistent.

“CNN is now reviewing all handout photos previously provided by Kensington Palace.”

“In editorial photography, photojournalists and editors commonly adjust a photograph’s exposure or color balance in order to more accurately reflect the scene. Most news organizations, including CNN, regard it as unacceptable to move, change or manipulate the pixels of an image. To do so would alter the reality of the situation the image is intended to document.”

“In the past, the family’s amateur photographs have been well received when posted on social media. But on this occasion, this photo was also released to media organizations as a handout and the palace wasn’t transparent about the fact it had been adjusted.

That will have damaged the trust between the palace and media organizations – many of which, like CNN, will likely be assessing all royal handouts. The editing storm has undermined the existing relationship and when public interest over any possible cover up escalates, as it has done recently, many news outlets will now have take that speculation more seriously.”

[icaruswaffles]

The return of r/place this year as a diversion has been interesting to watch. On one hand there's the definite increase in fraffic and people making bot accounts to place more pixels, but on the other the protest art and pissed off memes about bots and admin interference have been amazing to see.

I'm sure Spez will have some positive usage numbers to show off just how healthy reddit is to investors when the IPO comes (snarky) but I'm actually really curious about how things will go if any of the investors do any actual research into what goes on over there.

And before you ask: yes, the guillotine was interfered with by admin.