SOCIAL MEDIA RIGGED THE GAME

Social media is all smoke and mirrors:

Adam Mosseri (head of Instagram) testified that the company has “invested hundreds of millions, maybe a billion or two, over the course of my tenure” on creators.

These platforms subsidizing the work of “creators” is the classic “big teddy bear at the carnival” tactics (via Cory Doctorow). Build the illusion by making “successful” contestants, hoping people believe that they can achieve the same thing:

“No one wins a giant teddy bear unless the carny wants them to win it. Why did the carny let the sucker win the giant teddy bear? So that he’d carry it around all day, convincing other suckers to put down five bucks for their chance to win one.

The carny allocated a giant teddy bear to that poor sucker the way that platforms allocate surpluses to key performers — as a convincer in a “Big Store” con, a way to rope in other suckers who’ll make content for the platform, anchoring themselves and their audiences to it.

Sure, you can stick around on social media and play the game, and maybe someday you’ll hit the algorithmic lottery, but please don’t let that become your long term strategy. Lottery tickets make horrible retirement plans.