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NEL-V Profile picture
NEL-V
@nelvOfficial
Vocaloid composer, engineer. YT: https://t.co/0ZBX1OJVb3 Spotify: https://t.co/baCFsX21I9
Jul 23 • 9 tweets • 3 min read
1/
Most people do not understand the real business model of social media. But once you get it, everything starts to change.

This includes:
- why they are addicting by design
- why its hard to opt out from them
- why they all inevitably converge to the same monetization model 2/
Social Media as an Attention HFT

HFT refers to high frequency trading. HFT profits off being the "market maker", by investing a lot in CapEx and borrowing a lot of money to provide liquidity.

They don't bet on market direction. Rather, they take any orders that come to them and clearing them for a fee.

The difference between the bid-ask is known as "spread" and that is their margin.

Basically, HFT gets paid for the benefit of adding liquidity to markets.