For every investment there are the pros and cons related to it, for companies that cater to everyone the issues relate to using the platform. In the case of social media sites, as an investor you want to see statistics that people not only use the platform but spend a lot of time and effort on the program. That statistic is a good thing, however for the individual person maybe not so good. If it is a social media site, an election is coming up and while the parties want you to connect to their sites, there is always one site which can be used as political fodder.
In an article by Talya Minsberg of the New York Times News Service, we all know as individuals you are interested in many things, but it seems if you have a passing interest, the social media feeds caters to your passing interest rather than the full gamete of your interests. An example is a 12-year-old girl who followed people like Kim Kardashian and Olive Garden restaurant. Then she searched for ab workouts and her feed shift to everything under the sun about reducing weight and diets, most things a 12-year-old girl would not need to function.
TikTok is the present political bad boy social media because of its connections to Chinese owners who the US Intelligence Service feeds information to the Chinese government. Any complaints are now leading to new policies and procedures to do less harm. TikTok enacted guardrails on posts that show potentially harmful weight loss management behaviors and excessive exercise. TikTok is changing its algorithm.
The cynics include Dr. S Bryn Astin, Professor of Social and Behavioral Sciences at the Harvard T.H. Chan School of Public Health. He says The For You feed is still designed to boost revenue. to increase engagement.
Linking to dividend paying stocks, what is good for society and what is good for the individual is sometimes not good for stock price. For example, if you own a gambling stock because many people gamble, but you have to know some will lose all their money to gambling. In your portfolio you can cater to greater good for individuals and society, there are plenty of companies that try to do that. You can also buy stock in companies that some individuals will suffer. There is no perfect answer, except as you collect your dividends you have an opportunity to lessen what you thing are the negative aspects. You also have to understand every election cycle needs a bad company till the election is over and little will change.
There are more questions than answers, till the next time – to raising questions.