r/stocks • u/Chrissylumpy21 • 2d ago

Crystal Ball Post Is Black Monday Incoming?

So much fear in the markets and this time really feels different. All the Mag7 stocks are so hit by the tariffs our iPhones will probably cost $5,000 soon and as the world slows, people will use Amazon less, advertise less on FB/IG. No one is buying Tesla anymore. Who needs anymore AI chips, yet AI is decreasing Google searches.

I fear the world is realizing it all this weekend. Or is it just me that sky appears to be falling?

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u/artbystorms 2d ago

The EU is looking at ways to tariff US services too, ie social media companies. Imagine if FB, X, Google, etc had to start charging Europeans to make up for the added tariffs they levy on them.

Personally I want legacy social media to die. It is a net negative for humanity, and needs to be replaced with something a little less 'libertarian' and toxic.

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u/Most_Technology557 2d ago

Dude if the social media tech bros and silicon scum that funded this are the biggest losers it would be so fitting! Would truly owe the EU and the other world powers for rescuing us!

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u/SonokaGM 2d ago

You had our backs in 1945 — now we've got yours! (trying at least.. doing our best!)

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u/chotchss 2d ago

Sorry to spread our mess to you guys :(

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u/Lumpy_Lettuce_4141 1d ago

That's okay; we all have our moments (fascism moment, that is).

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u/chotchss 1d ago

Ugh... It's funny/sad but true. I was really hoping we could go the France/Le Pen route but I guess that as Americans we have to do things as hard as possible. My apologies again for any inconvenience caused by our stupidity!

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u/azuala 1d ago

Brainwashed af

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u/eist5579 1d ago

The right wing propagandist machine is a pernicious as fuck

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u/Unfair_Factor3447 1d ago

Hear! Hear!

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u/Most_Technology557 2d ago

Appreciate you folks I know how people feel in red states now. Like you can’t do anything about it but you know it’s so stupid!

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u/zroo92 2d ago

As a lifelong Democrat in Texas, yup. Sucks being told it's your fault for being there and that people you love "deserve" bad things for where they live.

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u/__Art__Vandalay__ 2d ago

Same…Texan but I’m a recovering republican. I can’t even see a glimpse of what the party was and I’m never going back.

It’s amazing they can still blame dems after being in control of Texas for decades

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u/-OptimisticNihilism- 1d ago

Floridian here. It’s like when desantis said he would make a Florida doge and all of the republicans senators were like shut up you dumb fuck we’ve been controlling the states finances for 30 years.

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u/__Art__Vandalay__ 1d ago

*slaps forehead

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u/joan_goodman 2d ago

Thank you for recovering!

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u/__Art__Vandalay__ 2d ago

It was a long road but I’m here now

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u/joan_goodman 2d ago

I m in favor of looking at actions. I hated Biden s policy on students loans and support of Israel but you don’t “trade a mediocre veterinarian for a butcher” as someone said.

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u/Warthog_Orgy_Fart 2d ago

Biden was more like a heart surgeon repairing a damaged valve with the CHIPS act and his infrastructure bill.

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u/let-it-rain-sunshine 2d ago

The gop is unrecognizable from even 15 years ago

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u/UniqueIndividual3579 1d ago

I was a Republican, now they love Hitler and hate gays. Can't go there.

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u/Nurseratched07 1d ago

I refer to myself as a recovering Catholic 😂😂 glad we both made it to the other side of our cult experiences!

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u/Boxofmagnets 2d ago

It’s even more amazing that Texans are stupid enough to never ever ask how the Dems did this. Boundless stupidity

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u/Any-Morning4303 2d ago

This time America are the baddies.

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u/Decent_Can_4639 2d ago

I think It’s more complicated than that. The American people are not the baddies. But we also have to consider the state of public education. Think we may now be at a point in time where many people are no longer able to make informed decisions based on their personal or collective best interests. That coupled with propaganda and foreign interfere. And here we are… Leadership being the baddies? I have very little doubt there…. As to the American people. You guys ended Hitler’s grip on Europe. Broke the sound barrier, landed on the moon, spearheaded the development of new antibiotics and vaccines. I still have hope in you!

  • A Canadian & European.

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u/BathroomTechnical953 1d ago

It’s that and Citizens United. Allowing unlimited money in politics removes democracy.

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u/efficiondave 1d ago

It's not the Amerocan education system that is at fault. It is Fox "News" and the right wing media.

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u/sendCatGirlToes 1d ago

The people who did those things are long gone though....

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u/Any-Morning4303 1d ago

No I’m sorry. The educational system and institutions are not resisting. The educational system will soon be all privatized and profit driven. Higher education will be all about creating workers. It’s downhill from here.

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u/soymilkmolasses 1d ago

Thank you!

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u/RoleLong7458 1d ago

I will support the fucking Crown if you get rid of these tumors!

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u/four204eva2 1d ago

Thank you for trying

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u/LongjumpingDebt4154 1d ago

Please don’t forget about us. Most of this country is being held hostage. Most of this country hate Trump. For the life of me I will never understand the protest voters… and I’ve given up on the demented maga. We’re not all terrible though. Send good vibes

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u/Dependent-Cherry-129 1d ago

Please hit the tech sector 🙏

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u/Punky921 1d ago

Sorry that we're turning around and fucking your shit up now, man. Y'all didn't do anything to deserve this betrayal.

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u/boredrlyin11 2d ago

Save us Daddy please

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u/CrowSucker 2d ago

I have one of them working for me. 27 hours per week. Didn’t know how he was going to come up with $1200 last week to fix his car. I asked if he wanted more shifts and he said no. I asked why he didn’t try to go after some benefits due to his low annual income and his reply was “I’m not looking for a hand out” ohh you mean the two years you sat on your ass collecting UE Benefits before I hired you. Gotcha.

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u/flatirony 2d ago

Sounds like he’s looking for a handout to fix his car, if he won’t take the extra shifts. 🙄

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u/DarkRooster33 2d ago

That is a disgrace to history

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u/Macchiato_Break 2d ago

lololol I was at this sub just 2 weeks ago lurking and posts were euphoric af too bad you missed the lifetime dip kind of posts..now 180 lmao lololol

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u/mycargo160 2d ago

It was obvious two weeks ago that this was going to happen. The people thinking this is a dip and buying more are out of their fucking minds.

I came back to investing because it was obvious this is going to happen, and I put all I have into ETFs that are shorting Tesla and the S&P. Might as well profit from the collapse.

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u/Most_Technology557 2d ago

Yeah crazy what -2200 points will do huh. 🤡

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u/mayorolivia 2d ago

What’s funny is all those clowns went down to Maralago to suck up and then donated and attended the inauguration. No amount of sucking up can save you from this dotard.

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u/lefnire 2d ago

They made a deal with the devil!

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u/Most_Technology557 2d ago

You ain’t lying!

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u/webdevverman 2d ago

But they would only do it because of the tariffs by the US.

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u/SmecticEntropy 1d ago

The EU should straight up ban X, as their Nazi CEO continues to stir up trouble in domestic politics.

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u/Imallvol7 1d ago

The EU has already rescued us so many times. We owe them so much. Their government has passed policy ours it too scared to leading to companies in America having to adjust.

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u/milkbug 19h ago

The EU fining Elon 1 billion is a good start. I hope to see more of this. If the U.S. wont hold the broligarchs accountable, maybe other countries will.

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u/H3rbert_K0rnfeld 2d ago

Tax the data transmission rate on the wires!

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u/HighOrHavingAStroke 2d ago

It’s all computer

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u/62frog 2d ago

I LOVE METARRR

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u/ShagFit 2d ago

Everything’s computerrrr!

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u/artbystorms 2d ago

Oh man, can you imagine if they sorted out how to tax data like that. Like "oh you went to YouTube, well looks like you streamed 2.4GB this month, so there's an extra tax on your internet bill"

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u/Comma_Karma 2d ago

This would kill modern commerce. The internet is an enabler, it would be asinine to tax data which means it probably will happen in a year.

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u/Hot_Falcon8471 2d ago

They basically did this in the 90s by charging people per minute for internet and phone calls

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u/Comma_Karma 2d ago

Yes, and the 90s had less growth compared to today because of rent-seeking on data.

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u/Moist-Ad2137 2d ago

You don’t have to imagine. Many countries used to (and maybe still do) have data caps and you’d pay for each GB you went over on your home internet connection

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u/spiegro 2d ago

How wild that we are only like 10 years removed from this and it's just long enough so that young people don't even know it existed!

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u/Punky921 1d ago

This was Australia in 2004.

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u/PugSilverbane 2d ago

Have you read Ready Player One? This is the premise.

Indentured servitude for Internet use.

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u/H3rbert_K0rnfeld 2d ago

Black Mirror too

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u/H3rbert_K0rnfeld 2d ago

I can imagine since I know how many 800 gigabit per sec data links we have. We are a fairly small shop too all things considered.

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u/shakewellb4uze 2d ago

They can add the tariff tax on advertisers & YouTube premium.

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u/intelhb 2d ago

There’s no technical challenge in doing so

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u/Big_Poppa_T 2d ago

Taxing the ad revenue seems like the most logical approach. General approach to tariffs is to apply them at point of sale which in this case would be when the advertiser pays the host

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u/Folderpirate 2d ago

Text messages used to cost 10 cents each.

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u/snow80130 1d ago

Sort of is. I’m paying $15 a month to use comcast modem/router to avoid a data cap(2 teenagers)

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u/geardownson 1d ago

Woman gets on the Tikky Tok to raise hell..

"Muh momma's social security just got axed and my food stamps just got cut! These darn liberals are tearing our country apart!"

Gets prompt to upload Tikky Tok video please deposit 9.99 for upload fee

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u/pargofan 2d ago

Wasn’t that the whole net neutrality issue years back?

If ISPs can charge different rates why can’t governments?

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u/H3rbert_K0rnfeld 2d ago

In EU the telecom's are public utilities. If they wanna tax transmission they can and will.

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u/This_Possession8867 2d ago

They tax you to have a TV in the EU

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u/Warrlock608 2d ago

Losing Net Neutrality means the ISPs can pick winners and losers, taxing all social media platforms would not be that.

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u/PurpleZebraCabra 2d ago

I believe net neutrality was more about providing bandwidth priority to some traffic vs others. Basically paying to use more bandwidth, but not necessarily charging everyone for data. It would create a pay to play system that works against non-profit type websites and services.

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u/esmifra 2d ago

They should tax, or severely limit ad sales on those platforms.

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u/hawkeye224 2d ago edited 2d ago

Tax individual electrons (or photons if optic fibre)

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u/UniqueIndividual3579 1d ago

ISDN, it's back!

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u/Polycyclical 1d ago

But isn't that just a tax on the European consumer? How about some sort of licensing fee? A fee to operate your service in Europe? Start with Facebook and X please.

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u/[deleted] 2d ago

Personally I want legacy social media to die.

Honestly, I wouldn't mind a social media company based in the EU where there's actually some semblance of regulation that keeps all the ridiculous misinformation controlled.

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u/MaximallyInclusive 2d ago

Community notes is great, that’s the best way to achieve that.

There can’t be a “ministry of truth,” no one would accept that.

The algorithms shouldn’t cater to the lowest/most inflammatory parts of our brains (fear, anxiety, anger), and then let the community notes correct misinformation.

That’s about as good as you can expect a social platform to do.

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u/[deleted] 2d ago

I'll also point out that Wikipedia is actually a really good source of information where events and topics are summarised quite well. The thing with Wikipedia is that important pages are so set to not allow anyone to edit and a lot of passionate people are going around monitoring for bad changes/vandalism.

Here's an example. Right now, there is a lab leak theory (more of a hypothesis) and there is so much noise over it and people making tonnes of claims about it. A lot of conspiracy theorists (i.e., right to far right) say it like it's proven and when you repeat claims so often, it sounds more correct. Where did I initially look to see if it was credible? Wikipedia. Wikipedia essentially says that it's not an accepted theory and scientists generally don't believe in any lab leaks – scientists generally believe it came from bats and went to another intermediary host.

I think the concept for community notes is similar, but it becomes hard to get enough decent people to monitor it all. It can work though.

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u/marsepic 1d ago

A Wikipedia model seems the best way for a social media company to have any net good. Non-profit, clear mission.

For a while, FB became a fantastic replacement for the local paper. You learned about events, heard local news, etc. Now, it's total garbage.

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u/Shadow_Phoenix951 18h ago

Turns out, letting all of the village idiots connect with each other instead of having to interact with the rest of us, just lead to a larger concentration of idiot.

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u/informal_apricotz 1d ago

You’re living in an alternate reality

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u/TheAfroNinja1 1d ago

Didnt the CIA say it was the most likely theory though? Not that they can be trusted 99% of the time, but still.

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u/[deleted] 1d ago

This was reported immediately after Trump took office and they themselves said it was "low confidence".

Meanwhile, scientists tend to believe it's from the market.

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u/informal_apricotz 1d ago

Anyone else here saying they want misinformation wiped away doesn’t realize how much misinformation that they read.

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u/Dr-McLuvin 2d ago

Do you really think that’s possible? That’s what the world needs now is a social media company separated from the US economy.

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u/Practically_Hip 2d ago

What the world needs now is another folk singer.

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u/ILoveMyDR 2d ago

Like La la la la la la la la la

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u/Tooz75 2d ago

Like I need another hole in my head.

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u/westofthe101 2d ago

Cracker Rocks!

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u/SuperFlyAlltheTime 2d ago

I'm all for Neil Young 2.0 but he is Canadian and will get tariffs too

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u/ToddPundley 2d ago

Think I’ll go and find a place …… to be surly

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u/[deleted] 2d ago

Well, my opinion is that unregulated free speech is a bad idea in practice. Somewhere between Europe and Singapore seems about right to me. There is an expectation that you can back up what you're saying, particularly in Singapore, that doesn't really exist in the US.

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u/jt1966thomas 2d ago

It certainly does not exist in Reddit!

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u/esmifra 2d ago edited 2d ago

It does on some subreddits. And before free speech absolutists were a thing it worked well. Heck, it even works today.

Subreddits have rules, you have to comply with those rules. Some are more strict like askhistorians or science and they, for the most part, work well.

It even works well on Facebook and Twitter and the like. Everything that's illegal like underage exposure, live sex, suicides and other forms of really violent content is quickly identified and removed. And it works well. Don't let them make you believe they couldn't remove many of the bots, harmful posts and outright misinformation. They could, they just don't want to.

With the current state of AI content moderation should become trivial, if there's a will.

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u/jt1966thomas 1d ago

Of course absolute free speech is not a right. Yes, illegal activity should be monitored and removed. However, when you say that "misinformation" must be deleted, you are on an incredibly slippery slope. "Misinformation" is about the most subjective ambiguous word that exists in today's political climate.

I will agree with you so long as I get to determine what is misinformation. Sound like a deal?

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u/esmifra 1d ago edited 1d ago

Misinformation is not subjective. Some lies are blatantly obvious, and it's not about deleting, again look at r/science and r/askhistorians, if you state something you got to back it up with articles. Those articles can say anything regardless of political inclination.

The problem is that some people with only political intentions start using social media to spread misinformation and doubt and chaos for political gain.

That misinformation should be at least contextualized or be demanded legitimate sources to back them up in order to prevent the spread of lies that benefit politically someone very specific.

We got at this point because twitter, Facebook and even fox news willingly spread misinformation and lies. So pretending that somehow that's simply ok to ignore is a one way to eventual disaster or even loss of free speech, because as we've seen with trump he has no problems attacking free speech. And his party is the one that benefits the most for misinformation.

If I claim climate change is a hoax I should have to back that up, if not my claim should be contextualised that the vast majority of climatologists that study it disagree and it's a scientific fact that climate change is real.

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u/This_Possession8867 2d ago

Live in Singapore. You drink a soda on train the fine is extreme. Fines for everything imaginable. I would guess you fart wrongly it’s a fine. Someone panic stricken warned me to hide my soda can while the whole train load of people starred at me as if I was knifing a baby.

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u/[deleted] 2d ago

I did say somewhere between Europe and Singapore.

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u/stoniey84 2d ago

Tik tok...

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u/stoniey84 2d ago

Tik tok...?

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u/CascadeNZ 2d ago

100% agree. I ditched Facebook and instagram I didn’t like what I was being fed. And hated even more that my boomer family members were being told absolute BS.

But I miss the communities I had on there. So hope a less corrupted social platform comes along

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u/geardownson 1d ago

I just get on their half lit to argue with morons. It's fun and kinda sad to see them go off on both replies and posts.

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u/CascadeNZ 1d ago

Is a cess pool of idiocracy and false info

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u/big-papito 2d ago

It's not the social media (while still a bad thing). Back in the day, FB was addictive, but it didn't turn half the people into uninformed conspiracy theory assholes.

It's the algorithm.

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u/HesitantInvestor0 2d ago

What do you mean by “less libertarian”? Censorship, content moderation, surveillance, power concentration, lack of privacy, etc. These are major qualities of legacy social media, and they aren’t very libertarian by any known definition of the word.

I’m assuming what you mean is that you’d like more government control over it. That to me is bizarre. We are watching right now and have been watching for generations how government can behave in such ways that aren’t good for society or humanity.

Unless I’m way off on what you mean, I think your take is very very flawed.

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u/fairlyaveragetrader 2d ago

Well, you don't even know if you're dealing with actual people, you can create thousands of fake accounts and spin narrative and have all of this virtually free marketing. Algorithms can be designed to push narrative. So it's not really free social media. It's not AOL chat rooms. It's not Old School forums. This new social media is marketing

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u/NovusMagister 2d ago

Putting quotes around libertarian is a grammatical way of emphasizing a word as false. So less 'libertarian' implies that the poster believes that social media is operating under the guise of being libertarian, but that it is not actually libertarian.

I would tend to agree, they all tune their content for engagement and revenue rather than equal presence, they don't do enough to filter for bots that are bad actors (often from governments), and lately they're enabling autonomous AI accounts, so you won't even know if you're interacting with human beings (not that there aren't already millions of AI accounts there already).

The guise of social media as a free speech town square is a sham and has been for a long time

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u/lorefolk 2d ago

government is just society. Corporations are just society.

Society has agreed that groups of people get extended rights as long as they follow X, Y and Z. Either you believe there's a social system or not.

Its weird people think there's some other social system out there that would give them all the security, freedom, benefits and rights without having to deal with the fact than in aggregate they have to function and observe the same freedom, rights, benefits and the rest.

In reality, libertarians just want to create a walled garden where their freedom is observed, but that garden excludes arbitrary classes of people.

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u/HesitantInvestor0 2d ago

Yes, government is a part of society. But it is a part of society that is completely disconnected from reality.

For example, a corporation has rules and audits to follow, or they will be sued/delisted. A government does not stand up to that scrutiny. A corporation must maintain a somewhat decent balance sheet, raise funds privately, or potentially go out of business. A government can simply print more money, effecting stealing from its citizens. I think this is an important distinction. Don't forget the adage that people will generally spend their own money more wisely than they'll spend someone else's.

As for your take on libertarians, I think you're describing some bastardized version of libertarianism quite frankly.

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u/JustThinkIt 2d ago

Not op, but the poster describes most libertarians I've ever met. It's all "property rights", "principle of non-violence" and "marketplace of ideas" right up until someone wants something different and then it's "...and what I want should be enforced" and "no one should be able to make different rules."

In my experience, libertarians are just sovereign citizens who haven't taken that last step.

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u/HesitantInvestor0 2d ago

Not sure I can respond without specific examples. Libertarianism isn’t perfect, but I don’t think it has the same major flaws as other political concepts.

What’s an example of something your libertarianism friends believe that you think is outside the scope of the ideology?

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u/Cautious_Associate57 2d ago

Libertarian foreign and economic policy is dogwater. And that Silk Road tool is a cartel leader who tried to murder people.

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u/JustThinkIt 2d ago

(to be fair, a lot of them are also "I reserve the right to watch people starve from on top of my food mountain")

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u/264frenchtoast 2d ago

The problem is, there is a significant minority of people out there who must be offered the possibility of starvation before they will contribute anything meaningful to society. They will not work otherwise.

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u/Legitimate-Type4387 2d ago

From my perspective that problem only arises when the people who own the food pile refuse to share enough with the others to make it worth it for them to contribute their labour to add to the food pile.

If what I’m being offered is to work all day harvesting 1,000 bananas but only get 1 banana per day as my wage, I will starve to death whether I come to work for you or not. So I tell you where to stuff your job offer and say we’ll both starve to death together instead. Those bananas aren’t going to pick themselves no matter how much capital you throw at them.

The only thing preventing this outcome is the hired goons you’ve employed to crack heads until everyone understands that they must submit to the law of private property and come trade their labour for a single banana.

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u/Cautious_Associate57 2d ago

Comparing a government to a corp is stupid.. they are apples and oranges.

You can't fire your citizens when you start going bankrupt.

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u/juanopenings 2d ago

Libertarians are as consistent in their beliefs as they are respectful of age of consent

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u/windowtothesoul 2d ago

Seriously. No idea what this person is is wanting with their take. Even as someone who hates most social media, it would be so bafflingly stupid to want it to be instead replaced with a strict government-approved speach platform.

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u/tolerable_fine 2d ago

Like reddit should disappear?

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u/artbystorms 2d ago

People always do that when I mention hatred of social media. "ThEn WhY aRe YoU onN ReDdiT?!" I hardly consider Reddit social media in the same vein as facebook, instagram, X, etc. It is basically a giant forum, not too different from the ones in the early 2000s before MySpace and Facebook. I can't 'add friends' on here without knowing their anonymous username. I can't 'share' things and have specific people see it.

If anything Reddit is stripped down enough compared to other sites, that I wish more social media was like it. Simple. Doesn't try to guide you with algorithms (that I know of), you can curate it to your specific tastes fairly easily. Every other post isn't an ad disguised as organic engagement (yet).

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u/lefnire 2d ago

The voting system is really democratic too. I know all social media has Likes, but somehow it's much more like "vetting" on Reddit. Maybe the hierarchical structure

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u/Tupcek 2d ago

yet, the same content end up on front page

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u/lefnire 1d ago

It could be a matter of selective subs (I rarely visit Popular), because all my homepage feed is solid content. I guess that's the key then, is dialing in the subs. It took me a couple years after discovering Reddit before I stopped using Popular. So maybe the other site aren't that different, assuming they have similar functionality.

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u/judgeholden72 2d ago

Maybe it's popular.

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u/intelhb 2d ago

Reddit got huge over the years.

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u/Tupcek 2d ago

freedom for me, not for thee
just because platform is slightly different and more suited to your needs, doesn’t mean it’s not social media, it’s just your excuse why your network shouldn’t be banned but other should.
Guess what?
It’s all doom scrolling
It’s all basically same content, half of it is from TikTok
It’s the same kind of addiction
Takes people out of real life and glue them to smartphones
People don’t go to any social network to check on their friends anymore, that was maybe facebook pre 2015. They follow influencers, politicians, etc. while we follow bots and reposters

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u/WillingnessOk3081 2d ago

i like this debate. all i want to add is that i've learned a lot being on subs for different trades, as well as math, history, architecture, and physics subs. reddit has been great this way. that's the diff for me and it doesn't ruin my brain. FB and tok were definitely killing my mind.

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u/Tupcek 2d ago

I agree with that, here in comments you will learn much more information as well as opinions of people of all cultures, ages, careers, religions, backgrounds etc.
But I still think we are spending an unhealthy amount of time in here and it negatively affects our lives. And if you don’t go to comments, it’s basically the same as others

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u/WillingnessOk3081 2d ago

thank you for replying. I guess I should've added that even this sub has taught me some things! I know it's the cliché here to make fun of what's offered here but I've learned a good deal here. In fact my entire portfolio is basically intact because of this sub, despite the perma bulls, whom I also thank for contributing to the debate and helping me clarify my position for myself.

Edited for typos

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u/Charlieputhfan 2d ago

That last sentence is how people market on Reddit which is very hard to do imo , without getting a lot of hate

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u/moustache_disguise 2d ago

Yes

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u/shakewellb4uze 2d ago

Reddit is necessary…

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u/BowlAcademic9278 2d ago

I wonder if they announce something Monday morning before US market open which would be 3:30PM Brussels time.

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u/Darnocpdx 2d ago

It'd be pretty devastating if the EU, Japan, South Korea, Great Britton staggered their responses every couple days an hour or so before the markets open.

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u/halfbeerhalfhuman 2d ago

Bring back Myspace

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u/xrangax 2d ago

This is my over-riding thought currently. Social media and "influencers" need to be regulated almost out of existence. Facebook circa 2010 is where I would draw the line. Personal profiles allowing me to connect with friends, family and that dickhead I went to school with who bullied me but now is now divorced, paying child support and asking if anyone knows of any good job opportunities. That's the sweet spot, right there. And honestly, no more internet anonymity in countries with democracy and strong freedom of speech/press laws. People need to be held socially and legally accountable for their words on the internet, just like they would be in a town square.

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u/WOTEugene 2d ago

This makes sense. Software is one of our biggest exports. Wouldn’t be surprised if they try to hit us where it hurts… then nasdaq gonna drop a good 30-40%.

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u/Atomic-Avocado 2d ago

You get humans on any kind of digital platform and it will always be toxic. It's not caused by something inherent to these platforms, that's just humans.

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u/lefnire 2d ago

I always think that when people hate Instagram, TikTok, etc - I'm thinking: it's just a blank canvas app... You're hating the posts. Meaning ultimately you've got beef with people

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u/blackdeblacks 2d ago

By design. Threads (as an example) is the biggest load of crap that ever posed as social media. Have you noticed how every single thread descends into chaos no matter the subject. Humans are easily manipulated. Tiktok and IG all at it. And anyone who installs Whatsapp will find every single contact is extracted by Meta and used to build their own user base across all Meta apps. It’s disgusting and if you allow it you become owned, a part of their asset portfolio so I disagree with your blank canvas comment because it’s not at all.

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u/lefnire 2d ago

I'm corrected. I know those things, so I should know better

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u/DesignFreiberufler 2d ago

Yeah, that’s bullshit. These apps are developed to be intention grabbing. First it was around people’s posts but it’s not anymore. It started with pushing commercial content more, notifications about things you never wanted to be notified about and for months meta is pushing AI content.

You don’t see these apps for what they are. Reddit does the same btw.

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u/DesignFreiberufler 2d ago

There is a big difference between supporting toxic behavior and trying to combat it. Social media does the first.

Rage leads to actions, actions to interactions, interactions to views, views to ad revenue. That’s the underlying hooked model all these "services" rely on.

It wasn’t hate in the beginning. It was likes and comments, but those just don’t trigger constant responses.

If social media companies wanted to combat that, they would filter more, limit interactions and notifications. If you had to wait 5 minutes to answers comment, you would hardly write the same response or you would even notice that your time is wasted and don’t respond at all, breaking the loop. But they need you to stay in it.

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u/HandsomeCostanza 2d ago

I know that sounds really smart, but the reality is it's nonsense. The internet is absolutely set up at its core to manipulate people. Listen to Jaron Lanier.

0

u/corps-peau-rate 2d ago

There is already a BDS USA mouvement even with social media.

Facebook is dead/only for 50-60+

Tiktok replaced instagram and YouTube basically.

X is for nazis and the rest of the world hate them.

People in USA should check the media coverage from other countries lol. There is a disconnection clearly lol

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u/my5cworth 2d ago

Ive been on the internet since the mid 90s with netscape navigator and dialup modems.

Im proud to admit that I've never used TikTok. Probably missing out, but Im ok with that.

Also considering moving away from Gmail in case they pay wall access suddenly.

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u/WillingnessOk3081 2d ago

pouring out my beer for Netscape. I loved that browser!

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u/Aaco0638 2d ago

I doubt the services like google or Microsoft would charge more to the users. However i wouldn’t be surprised if google and Microsoft charge the ads/businesses in europe more to subsidize the costs. Same with amazon subsidize the retail section but increase aws pricing.

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u/Emotional_Goal9525 2d ago

Just put an extra tax on digital services and it will mostly just hit american companies.

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u/GDix79 2d ago

The second meta starts actually charging a fee they are done in Europe.

Ok yes, "some" might pay 2 euros or whatever, but they'll lose tens of millions of users.

To be honest I'm sure there are millions waiting for the final push to cancel their accounts anyway.

At the moment anything American is toxic.

BuyfromEU, buyfromCanada buyfromUK are real things which are gaining momentum.

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u/WillSpur 2d ago

Not sure how this would work. As someone who advertises a lot with Facebook and Google, all the payments are run out of Ireland for tax reasons.

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u/midas22 2d ago

Maybe the EU could change the laws to stop the unfair tax breaks in Ireland? That's where all the American billion dollar companies dodge paying tax.

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u/garack666 2d ago

Yep tictoc, x , are fascist media, Putin uses them to influence election. Trump is President because idiotic maga believe in social media truth social lol

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u/garack666 2d ago

Yep tictoc, x , are fascist media, Putin uses them to influence election. Trump is President because idiotic maga believe in social media truth social lol

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u/clamdever 2d ago

Personally I want legacy social media to die.

Brother if this happens I will buy us all drinks.

I won't be able to afford it, given that I will have no money left, but whatever...

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u/Civil-Traffic-3872 2d ago

EU is going to put the screws on Techs Algorithms and selling Data. The tariffs are a negotiating point to get EU to drop it.  Big tech owns this administration. 

https://www.politico.eu/article/trumps-antitrust-agency-chief-blasts-eu-digital-rules-as-taxes-on-american-firms/

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u/alkbch 2d ago

The irony of reading this on a US social media...

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u/m__s 2d ago

As much as I don't like FB/Meta, I’m wondering how big of an impact this will have on Zuckerberg and his companies.

Before the tariffs, Facebook seemed to have a great income strategy—earning a lot from ads with relatively low spending.

After he launched Threads, the number of users was growing rapidly day by day. Investors were just waiting for ads to be implemented on Threads to once again show how much profit it could generate.
Now... it looks like it’s all turning to dust!

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u/Neinhalt_Sieger 2d ago

If they start changing, they will lose the customers. Hope they put tarrifs on social media apps, they are the ones that made Brexit and all this right wing shit happen.

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u/Psychological-Sun744 2d ago

If it's done on service, this is going to hurt a lot of companies! But that's maybe the way to go, for too long big tech companies have done fiscal optimization to pay peanut tax. However I'm not sure the big tech will be impacted, they are very good in finding a solution, I would say more medium size tech companies will get most of the heat.

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u/ancientrhetoric 2d ago

Great suggestion

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u/alba_Phenom 2d ago

US social media and their tech industry is something Europe have realised isa problem they need to deal with anyway. I’m hoping for an outright ban of X in the near future. It’s urgent now.

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u/IggysPop3 2d ago

I would be on board. Even if Reddit were collateral damage. Social Media has been a net negative for the world. For all the grandma’s keeping tabs on their grand kids, there are a dozen teenage girls hating their body and being served ads for diet pills.

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u/Chicagosox133 2d ago

Social media has ruined humanity

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u/Final21 2d ago

They already have. They're fining X $1 billion.

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u/artbystorms 2d ago

that's pennies. I see these fines on X and FB, but it's a slap on the wrist when for example facebook's last quarterly income in 2024 was 20.8 billion.

They need to feel the pain, to where they are forced to change or banned from EU market (roughly 300 M people)

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u/Final21 1d ago

That's not the point. Do you think tariffs on Amazon goods for any individual country exceed $1 billion?

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u/CoughELover 2d ago

What the heck is considered “legacy social media”? I can understand legacy media…newspapers, tv evening news, etc. But this term is new to me

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u/mayorolivia 2d ago

Smart of the EU to do this. Put maximum pressure on the biggest American companies so their CEOs and major investors can crawl over to Maralago and pressure the admin.

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u/Appropriate-Earth897 2d ago

Listen, just shut up about how much you hate social media while using social media.

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u/NovusMagister 2d ago

I wouldn't even tax the utilization to Europeans. It'd be more sly to pass laws taxing social media services heavily for all profit made on users in their country.

In this manner, any digital service US company would be the ones having to pay the tax, not their own citizens. Those companies would then face a choice of raising ad revenue cost and chasing away the advertisers, or putting a fee on their service, and thus driving away their user base (causing loss of ad revenue from reduced engagement).

It would be like a tariff, except this time it really would be a company from the other country (USA) paying that tariff

1

u/vesparion 2d ago

Social media should have either heavy oversight and age restrictions or should be simply banned

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u/CrusaderPeasant 2d ago

Don't forget Amazon's AWS

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u/ElectricPenguin6712 2d ago

I would love to see social media crumble. There is nothing positive about it anymore since it's be weaponized into it's current form.

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u/Popular_Basil756 2d ago

As if they don’t do that anyways, every American tech company gets fined billions. No fines for EU or Chinese tech though.

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u/Awkward-Painter-2024 2d ago

If you do this shit to META, they will pump misinformation into your country like crazy. The EU better not flub this one, tariff, emergency power that it must be taken care of, no court BS, and if Zuck does his BS, you cut him out. They have to go all in because if they slow walk this shit, Zuck will sow dissent. Zuck is single-handedly responsible for Trump. The first time around, he couldn't fathom it would happen and gladly took the ad revenue. But this time around, he did the calculations: rage is worth x% increase in traffic, etc. He doesn't care about the world because he has his bunker. Google will pay and the world will be better for it. But Zuck, he wants the presidency... And more. My guess is he buys out TSLA when it drops below 100.

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u/artbystorms 2d ago

I'd argue Musk is more the culprit this time around. It truly is sad that the world has to worry about threats from the owners of these platforms, as if they are some foreign adversary. These companies are so powerful, they might as well be countries at this point. It's disgusting.

But you're right, around 2015 they realized that anger is the single greatest emotion to drive engagement. From that point it was over, they manipulated humans into being perpetually angry because it meant click, eyeballs on their ads, and comments in their posts.

These monsters don't care about positive long term growth or being a net positive for the world, they care about 'engagement' and their quarterly reports.

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u/craigeryjohn 2d ago

Honestly I think it'll be up to the open source community tackle the social media problem. A fully open source, algorithmic-less, chronological 'blog' is all we really need...with a guarantee of one account per human being or business entity. No pushed promoted ads, no seeing content and comments from strangers/bots, just simple posts from the people and businesses you chose to follow. If they want to make money, ask for donations, charge $1 a month for themes, and/or let businesses I follow pay a small charge for their posts. 

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u/HistoryAndScience 2d ago

As a side note, I have to say that the trope that social media led to Trump/far right movements/is toxic for humanity is bogus. It's akin to the "Doom led to Columbine" argument. Are there bad actors who use social media? Yes. Same way that bad actors used to use radio, or news papers, or pamphlets, etc. State controlled media is not the answer to the current problems, if anything the extremists movements would love it

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u/HauntingFoundation89 1d ago

We are cool, the rest is not. How is Reddit any better? Any form of digital social activity is a net negative for humanity.

Just like television it isolates us more and often leads to decreased physical and mental health.

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u/Annihilator4413 1d ago

Good, I hope they tariff the shit out of any billionaire that supported Don the Con and keep those tariffs until they're bankrupt. These people are complicit, possibly even behind, the Trump administration dismantling American democracy and destroying our international relationships.

They deserve to be destitute, even though it'll probably never happen.

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u/IndependentCup9571 1d ago

nice sentiment but not going to happen

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u/FittnaCheetoMyBish 1d ago

Hard agree. We need to kill facebook and X. Maybe the europeans will do it for us.

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u/highfalutinnot 1d ago

Bissent completely gave them up the other day, tech rally way out of hand, thanks for your campaign contributions, have a nice day. Leopards eating faces, as they were clearly part of the T-dance, and will be treated appropriately.

The toxic i understand, but what do you mean by libertarian?

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u/TheThirdCity 1d ago

“Legacy social media” is a new phrase to me, I think I like it.

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u/mcr55 1d ago

What do you mean less libertarian?

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u/DesignFreiberufler 2d ago

We, as EU, shouldn’t just add tariffs to social media platforms and their ad revenue. We should FINALLY hold them accountable for election interference (Cambridge analytica, Brexit, AfD, etc.), enabling criminal activity (i.e. drugs, guns, etc. sold via Instagram), data breaches and selling of personal data. I would be okay with banning them till they get their shit together and force them into decentralization, like the US does it themselves with TikTok.

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u/WetLumpyDough 2d ago

You don’t want free speech??

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