“Burry recently warned that US consumers are on track to virtually exhaust their savings by 4Q of this year. Together with a lower savings rate and soaring amounts of credit-card debit, that’s likely to cause a consumer recession by Christmas, and drag down corporate earnings” https://t.co/ULwiXYaVTf

2/ The brand is a very distinct object in people’s minds, materializing from the look & feel of the product/service, the experience of using its features, the pleasure of discovering it (maybe through a friend’s recommendation or reading about it on your favourite blog),…

1/ You can’t transplant the features of a very popular app/service into another to steal/migrate the user base from the former to the latter. And that’s because a particular app/service is not popular because of its features, but because of its brand.

4/ This is what technology vendors will never understand. Copying features doesn’t transform a brand into another. It doesn’t happen between competitors and it doesn’t happen across apps/services that belong to the same company.

3/ the memory of your first use and the content that you have created/consumed with it, the perception of seeing the world through it, the community that you join (online or IRL, explicit or implicit) when you use it.

RT @EMostaque: We have got #stablediffusion working on 5.1 Gb VRAM.
🫳🎤

More on the topic of #AI-assisted movies. If you think it’s a fantasy far into the future, you might want to watch this:

https://t.co/1gzKePVFTo

I wouldn’t be shocked if Facebook would buy Roblox.

Meanwhile, in the US, 67% of teens say they ever use TikTok, with 16% of all teens saying they use it almost constantly. Facebook, instead, has plummeted from 71% in 2014-15 to 32% today.

https://t.co/1486Tjlbev https://t.co/tUZFkftI8L

Remember that it’s not about what teens are watching today. It’s about what future adults have been exposed to during their formative, teen years. https://t.co/f0u5JdVRuA