Stuff Media have announced that they will no longer post their news stories to X (formerly Twitter), calling the platform a “cesspit” that is riddled with misinformation. It is a bit like telling your family that you’re no longer going to participate in dinnertime conversations, because they’re all too stupid to appreciate your superior wisdom. It also opens Stuff to the same allegation about its content.
It won’t stop people from sharing and quoting their stories with acerbic comments, however.
It’s most likely another way of saying “how dare Elon Musk allow Free Speech for non-Leftists who don’t like the Military-Pharamceutical Globalist Industrial Complex when Facebook’s Mark Zuckerberg subjects them to harsh censorship.”
No loss then. If it weren’t for the crossword it wouldn’t even be worth using as toilet paper.
Everything I read shows that Stuff is flatlining and will soon be kaput.
Yes. Treasury papers reveal the extent of Stuff’s financial distress at the time of the sale of the business to Sinead Boucher for $1 in 2020.
The papers record that, “Nine has concluded that the scenario modelling indicates that there is no reasonable prospect of Stuff becoming self-funding through till December 2020, or even remaining solvent without a material near-term cash injection. Nine considers that the worst-case forecasts show that it would need to inject up to $7m in cash in June 2020 and around a further $7m over the remainder of the calendar year to maintain Stuff as a going concern.”
“Nine has concluded that even looking through the current Covid-19 disruption, it cannot justify further investment to support Stuff.”
“Our previous advice also noted that the media sector support packages could provide some support to Stuff’s cash flow in the short-term. Of the initiatives in the first package, Stuff would be most likely to seek support in the form of advance payments for government advertising.”