Every body is doing payments. So I don't see how this could boost Twitter's profits. Probably a money sink because payments is hard and extremely regulated.
Twitter should focus on creating a market place for creators to sell digital goods to their followers or a way to subscribe.
To integrate substack or patreon like service into twitter so that there is two financial transaction between users and creators on twitter from which twitter can get a cut.
One reason Facebook's VR ambition might fail is that their entire culture has been built around social media, A/B tests, small optimizations, web, and a 2D interface.
From management to product teams.
They're now trying to create a fun 3D experience and they've utterly failed so far.
I feel as though a company like Epic or Sony or the Xbox team would be far better equipped to do so.
The current party line among realtors is that volume will be very low while buyers and seller both refuse to have their target prices met, but that prices won't come down as a result and there will simply be a stagnation.
This is certainly true. The stagnation is what is causing low sales volume.
Every home owner in America has a 2 - 3% mortgage rate while today's rate is 7%. And they are sitting on equity gained during 0% interest era. There is no reason for sellers to sell. If they sell and buy again, they'll change their rate from 2-3% to 7%. No one is stupid enough to do that.
And buyers can't afford the massive increase in home prices during covid plus 7% mortgage rates.
So we have a stalemate. Hence, home sales keep on falling. The only group selling are institutional investors such as Blackrock or Opendoor because they need to free up cash.
