The People's Twitter.
And it would definitely not selectively censor unfashionable opinions if it were run by a government bureaucracy.
Because public sector bodies only ever maximise The Common Good.
Could even call it The International Common Good Association, just to make sure

"I don't like the fact that Twitter is so subservient to the woke elites. Let's create a massive state regulator, so that the woke elites, which have a stranglehold on most institutions... oh no, wait..."
(I mean, he's not entirely wrong. His solution may be rubbish, but there is an issue here. Twitter really does have a substantial amount of market power.
Still: There are people who I just will not ever side with, even when they have a point. And that includes Communitarians.)
As far as I can see, there are no good solutions here.
5 years ago, I would have said "Lol, Twitter is just a private company, like any other. The Guardian wouldn't publish anything by me, but that's not "censorship". They're just not letting me use their platform."
However...
...Twitter really does benefit from substantial network effects. We are on Twitter, because everyone else is also on Twitter. You can set up a rival platform, but that would be like being the only person who has a telephone: not very useful, because there's no one you can call.
Does that make Twitter a natural monopoly?
Not automatically. Before Parler came along, my prediction was: One day, a rival platform will pop up. A lot of Cool People will switch to it. Then lots of people will follow, because most people imitate what The Cool People do.
So...
...in that way, the network effect problem can be overcome. All you need is a group of high-status early adopters, ready to switch en bloc. And then, you can have a competitive marketplace. You get "competing Twitters", trying to woo the trendsetters.
And then, Parler happened 😱
Parler was doomed from the moment a couple of prominent right-wingers decided to set up shop there, because that meant that it was now perceived as a "right-wing Twitter". Since "right-wing" = low-status, that was the death sentence.
It was...
...the exact opposite of the effect I had in mind.
My prediction: some high-status people will switch ➡️ everyone will follow.
The reality: some low-status people switched ➡️ nobody followed, because nobody ever follows low-status people. Everyone tries to steer clear of them.
And THAT is the true source of Twitter's market power. It's not about the technology, or traditional network economics. It's the fact that Twitter is dominated by the sort of people who have what the Krauts call "Diskurshoheit" (=the dominance of public discourse).
The trouble is that everyone wants to be where those people are. Because those people are the ones whose views matter. There's no point in switching to a different platform if it means talking to a bunch of stranded Milo fans, whose views are fundamentally unimportant.
This means that the only type of platform that could challenge Twitter's market power would be a platform that attracts Twitter's high-status users.
And how could you do that? Why, by out-twittering Twitter. By being like Twitter, except more so. Woker, greener, more communist.
If people like Owen Jones and Ash Sarkar said "We've had it with Twitter; we're switching to platform X" - X would have a very good chance of success. Because millions would follow them.
But nobody else has that sort of cultural power.
And what sort of platform would they choose?

More from Government

This article by Jim Spellar for @LabourList misses the point about why Labour needs to think seriously about constitutional reform - and have a programme for it ready for government.


The state of our constitution is a bit like the state of the neglected electric wiring in an old house. If you are moving into the house, sorting it out is a bit tedious. Couldn’t you spend the time and money on a new sound system?

But if you ignore the wiring, you’ll find that you can’t safely install the new sound system. And your house may well catch fire.

Any programme for social democratic government requires a state with capacity, and a state that has clear mechanisms of accountability, for all the big and all the small decisions that in takes, in which people have confidence.

That is not a description of the modern UK state.

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
Master Thread of all my threads!

Hello!! 👋

• I have curated some of the best tweets from the best traders we know of.

• Making one master thread and will keep posting all my threads under this.

• Go through this for super learning/value totally free of cost! 😃

1. 7 FREE OPTION TRADING COURSES FOR


2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING

Got these scanners from the following accounts:

1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX


3. 12 TRADING SETUPS which experts are using.

These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.


4. Curated tweets on HOW TO SELL STRADDLES.

Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on