this post was submitted on 26 Jul 2023
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It's a media company. Why are so many people here calling in a technology company - because they have a Web site? They do not develop, produce or sell any technology product. They operate a Web site and sell ad space, just like every newspaper, magazine and TV network. Are we calling the New York Times a technology company?
It is not a media company. Twitter doesn't manufacture the content, they provide the platform. The platform is the technology.
This is exactly my point. They create, maintain, and develop a technology platform that serves all sorts of media. It is not a media company, they do not make the news. They distribute it. People are just mad they are seeing twitter and elon instead of "Methods for Concatenation in Assembly" or something idk.
It's a media company. The only difference between them and a newspaper is a short word limit and they don't pay their authors. No one is paying Twitter for technology that they produce or for technological services. They get money from ads and subscriptions - the media business model.
I would consider social media companies part of the technology realm. What does it take to run all of that? What do they produce to make it functional? What do they research to make it better? Just commercials? No the whole thing has an extremely tech heavy backend wether you see it on your local machine or not. The entire thing is pushed and moved by tech.
But we aren't discussing the tech backend that makes all of that happen; we're talking about business dealings and the politics thereof. Therein lies the issue.
I will concede on that point. Because we aren't talking about their backend. I imagine it gets posted because it sparks engagement like this.
Countless companies that are not technology companies use these same technologies in the same ways. Using technology does not make something a technology company.
Twitter is technology driven. It relies, exists, and improved with technology. They develop algorithms. They create user interfaces. At one point did this become media and not technology?
There are sublemmies that are more niche if thats what you are looking for. I think it is unwarranted to complain in a big general technology sub like this. Its not like this is focused on hardware, or specifically technical specifications.
By your definition, banks and credit card companies are technology companies. Visa has three times as many users and countless more database transactions than Twitter. The finance sector develops and uses algorithms - Fico scores being a notable one. Tons of people use technology. Twitter isn't even notable for it's usage of technology. Tons of companies, including Visa, have more impressive and expansive use of the same things twitter uses. A company is a tech company if it develops and sells technology, not if it uses it.
Yes they are. Mifare, NFC, and many other technologies exist to facilitate banking. So they indeed have technology R&D departments and are partially in technology. They develop and maintain technology. Idk what to tell you but tech is everywhere now. Everyone develops it. Welcome to the 2000s.
Edit: and dont tell me the platform that became the de facto news source for so many wasn't even notable lol it basically became a primary source for a significant amount of the global population.