If there’s one thing Wall Street and the tech industry fears, it is the idea that something potentially profitable might peak or reach some kind of equilibrium point.
Why? Because it has stopped growing! “So Twitter user growth (excluding SMS) has now declined,” tweeted one excitable commentator. Viewed through the distorting prism of Wall Street and the tech commentariat, this is apparently a catastrophe. Insofar as all this hullabaloo had any rational basis, it lay in the revelation that Twitter’s active user base had declined from 307 million monthly active users to 305 million. And the stock market, ever attentive to hysteria, marked the shares down accordingly.
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Yet the technology babblesphere is full of fevered speculation about whether Twitter “has a future”. If you know anything about technology companies, especially those with a global reach, this looks about par for the course: the company is on track to break even and reach eventual profit. It had revenues of $710m (£490m) and a net loss of $90m, which means that – compared with the same quarter last year – revenue was up 90% and losses were down by 27%. It turned out that the company had just released its last quarterly return for 2015. However, the good people of Twitter did the hard work of pointing out a very obvious reason for Biden’s success: his opponent.‘T witter shares drop on faltering user growth,” said the headline last week.
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People are of course free to speculate as long as they’re not specifically making false assertions. Presumably because of the wording, the tweet wasn’t flagged by Twitter. Still, as per the apparent Trump family ethos, Eric was not about to let pesky facts get in the way of his political posturing on his dad’s behalf. Black voters in particular – perhaps more motivated than ever to vote following the renewed Black Lives Matter movement – played a part in Biden’s victory. In addition, huge efforts from community organisers like Stacey Abrams saw record numbers of voters registering for the first time. Biden’s consistent push for voters to use mail-in ballots due to the Covid-19 pandemic has been credited as part of the reason, while Trump actively told his supporters not to. This success has been parsed and discussed ad infinitum, but essentially the 2020 election saw a huge surge in voter turnout from both parties, but it especially benefitted the Democrats. In fact, he won more votes than any other president in the history of US elections. Something we won’t dispute, but certain members of his family (especially those who pushed racist birther conspiracy theories) might.įor clarity, Biden did win more votes than Obama. It’s curious as it seems to imply that Eric believes Obama to be a highly successful politician. On Saturday he posted a tweet which seemed to suggest that the election result cannot be true because Biden won more votes than Obama did for his second term.
Not to be out-done, the president’s son Eric is in on the action too. This has been disputed by basically everyone, including Twitter itself which keeps flagging the president’s tweets to let followers know that his claims are, essentially, false. Since the US election was called for Joe Biden, President Trump has been consistently pushing unfounded theories of voter fraud, and suggesting that it is in fact him who won the presidency. Eric Trump is nothing if not loyal to his father’s narrative.
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