Last week, this Kylie Jenner tweet inflicted a USD $1.3 billion share loss on Snapchat.
A reminder that some of the tech giants have feet of clay.
Content-mediating platforms may be particularly at risk here.
On some content-dependent mediums, the platform may become impersonated by certain icons.
Any of that icon’s act of bad behavior – Kevin Spacey? – or unsupportive statement – K Jenner – can potentially precipitate the platform closer to the bottom.
Again proof that platforms must carefully control content if they want to survive.
[…] bigtech faces deadly moral threats. As we can already gather from the stock markets (here and here), carelessness with cultural, ethical or moral issues comes with a price. Curious to see if this […]
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