• Insider Intelligence predicts that Twitter will lose 30 million users over the next two years.
• Crypto Twitter, the argumentative community of crypto enthusiasts, critics, meme propagators and related trolls, will also see exits.
• The kinds of people considering leaving Twitter are likely to be politically and ideologically different from those adamant on staying.
Many people have been speculating about the future of Twitter with the recent changes brought by Elon Musk’s controversial leadership. His decisions have caused many to worry that the platform is headed for a slow death spiral, and this week Insider Intelligence has predicted that Twitter will lose 30 million users over the next two years. This means that about 10% of the active user base will be gone, and the impact on real human engagement could be significant.
On top of this, Crypto Twitter—the argumentative community of crypto enthusiasts, critics, meme propagators, NFT creators, coin-pumpers and related trolls—will also see exits. Those who are considering leaving Twitter are likely to be politically and ideologically different from those adamant on staying, making it difficult for the community to remain as diverse as it once was in terms of ideas. This could have a detrimental effect on the future of crypto, as Twitter has been an important forum for industry stakeholders to discuss issues and hash out differences.
Given the potential consequences of this situation, it is important to take stock of the changes that have been made to the platform and the effects they may have. The first major change was a move away from traditional moderation techniques, which caused many to worry about a rise in anti-semitic and racist slurs. This shift has been a cause for concern among many users, as it has led to a decrease in civility and respect for other users.
In addition, there has been a noticeable increase in the amount of misinformation and conspiracy theories being spread on the platform. This has been especially troubling for those who rely on Twitter for news and accurate information. Furthermore, many users have expressed frustration with the changes to the algorithms, which have created an environment where it is more difficult for certain voices to be heard.
Overall, these changes have caused many to question the future of Twitter, and it remains to be seen how the platform will evolve over the coming years. It is clear, however, that the effects of Elon Musk’s leadership may have far-reaching consequences, not just for the platform itself, but for the future of Crypto Twitter and the industry as a whole.