Chaos capitalism in the new gilded age of millionaire morons.
Meme stocks. AI grifts. OnlyFans estates.
This is the Punch Yourself in the Face Economy.
What makes an influencer decide to trademark a phrase that people recognize as belonging to the internet? Plenty of members of bookish communities attribute it to plain old greed, but there’s also something more: influencer brain. https://t.co/KhRAp0McUG
The live streaming market projected to grow sharply over the next several years, this shift is an important one to track.
https://t.co/ndwrkOiSo9 via @Digiday@alyssa_merc
Many of these players figured out how to make money out of gaming through means like:
- Advertising revenue
- Paid subscriptions and memberships
- Sponsorship deals with brands
- Direct player earnings from tournaments or in-game sales
https://t.co/Ud9Sc7kCbu
Twitch as the default brand-safe community hub, YouTube Gaming as the hybrid archive-and-live platform with superior discoverability, and Kick as the high-payout, looser-moderation destination that appeals most to large streamers with existing followings.
https://t.co/Gi0DIlygPe
Employee-generated content is quickly becoming one of the creator economy's fastest-growing marketing strategies
https://t.co/7pBvPVYrjU
via @mashable@crystalbell
From targeted ads to subscription tiers, here's how the platforms billions of people use every day actually generate revenue — and why it matters
https://t.co/hhqTQaTJm9
Imagine telling someone in 1999…
The year is 2026.
The President is Donald Trump in his second non consecutive term.
The richest man in the world is PayPal cofounder Elon Musk… but not because of fintech or Paypal. Because of rockets, electric cars, AI, satellites, brain chips and something called “Boring Company”.
Apple is worth trillions but its main business isn’t computers… its selling glass rectangles everyone stares at for 9 hours a day.
People don’t watch TV. They watch teenagers explain geopolitics, finance, and relationship advice in ~60 second videos.
The biggest taxi company owns no taxis.
The biggest hotel company owns no hotels.
The most powerful media companies are social networks where everyone argues with strangers for free.
Kids are making millions filming themselves playing video games.
AI Robots write emails, code, legal memos, songs, essays, and breakup texts.
The internet is mostly bots arguing with humans who are trying to prove they aren’t bots.
You can summon a car, groceries, a doctor, a date, a private jet, or a dog walker from your phone.
People pay real money for invisible currencies, digital monkeys, AI girlfriends and pictures that disappear after 24 hours.
The richest companies in the world don’t sell oil, steel, or cars. They sell attention, compute, data, and addiction.
And somehow, after all of that everyone is still using Excel.
Mike Tyson once said:
"Everyone has a plan until they get punched in the face."
He thought he was talking about boxing.
Turns out he was describing the entire decade.
New Substack it out! 🥊
https://t.co/kFNzs1W2uc
The initiative combines Twitch's live streaming community with SoundCloud's music discovery ecosystem, giving DJs an opportunity to perform live while extending the reach of those performances long after the stream ends.
https://t.co/JOvdpSrQBJ
Americans wagered $165 BILLION on sports last year.
More than they reportedly spent on movies, books, concerts, and sports tickets...
Combined.
If that doesn't scream cultural shift, I don't know what does.
New Substack: Crapping On Craps 🎲 💩
https://t.co/chNUmqWe6Q