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Social media threatens the art of doing nothing – Queen's Journal

Published

5 years ago

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Think about the last time you did nothing. I don’t mean scrolling through your phone mindlessly, or half-watching Netflix—I mean doing absolutely nothing. 

The odds are high that it’s been a while since you actually did so with no distractions.

In 2020, when everyone has devices in their pockets laced with the potential to provide instant gratification and dopamine, it’s easy to forget about the art of being bored. I bet most of the people reading this check their phones within the first hour of waking up, as well as within the last hour before they go to bed.

It’s inevitable to scroll mindlessly when we can scroll through unlimited pictures on Instagram, autoplay YouTube videos, and tap through games like Angry Birds and Candy Crush.

But in doing so, we’ve lost an aspect of our lives many of us used to take for granted. That aspect is the ability to reflect on life and observe what’s going on around us. We’re too busy buried in our screens to open our eyes to the world around us. No matter what the backdrop is, I notice people tend to default to using their phones when any type of awkward or uncomfortable situation arises —and, in that, we’ve lost part of what makes our private lives special: the ability to do nothing.

For example, while waiting in line for food at Location 21 recently, I noticed that the moments between when people ordered and were waiting for their food, they would pull out their phones. I’m a culprit of that as well.

In realizing this, I’ve made a conscious decision to force myself to deal with the uncomfortable feeling of having nothing to do. This has benefited me positively: it’s allowed me to take in and appreciate my surroundings, and think about what’s important to me.

If you still don’t believe we use phones as a coping mechanism for awkwardness, try this: next time you’re in a public place waiting around for someone or something, keep your phone off and wait. You’ll feel odd, almost like something is missing, and most of all, you’ll feel slightly uncomfortable.

In part, this is because our bodies and our minds have gotten used to having our phones ready 24/7. It’s killing many aspects of our social lives, including our love lives—but that’s not the only thing we’re losing.

We’re also losing our sense of privacy.

Between posting play-by-plays of entire concerts or even nights out on our Snapchats and Instagrams, we’re constantly oversharing. That public mindset has more effects on our mental health and our social interactions than we realize.

The most obvious of these effects is that we all appear to talk less. In my experience, we spend more time on our screens than we do making small talk with those around us. We’re also losing many of the pastimes that our predecessors took part in, like reading. Think about the last time you read a whole book for fun.

Many of my friends can’t even remember the last time they read a book outside of English class, let alone picked one up. Things like drawing, creative writing, and other positively-stimulating activities are being left in the dust these days, all because of our new doomsday devices.

We’re also losing the ability to think for ourselves.

Most mainstream social media platforms are rife with contradicting political views and statements, meaning that, given the amount most of us are on these sites, we’re bound to develop a belief system based on what’s being fed to us constantly.

In an era of fake news, it’s easy to be dragged into false propaganda. The best demonstration of this is Instagram crisis exploitation. After any major crisis, multiple new accounts pop up on the app claiming things like “For every like, we donate a meal,” or “For every share, a child is saved.”

The most well-known example of this is the false charity accounts that surfaced after the Sudanese crisis. The accounts all claimed they would help those in need, only to fail to follow through. Although there may be some legitimate accounts carrying out these activities, the majority of accounts appearing during world crises are scammers trying to gain fame from a bad situation. Many know this, but they still get millions of likes and shares.

My theory as to why this occurs is that people have always followed the masses, and that’s not going to stop now that we’ve gone digital. All it takes is a few people agreeing with a scam account, and—if you pair our lower attention spans with our need to mimic what others do—it takes no time at all for a fraud to become famous. 

Similarly, it takes no time for an individual that doesn’t quite deserve it to achieve infamy.

Think about cancel culture. Someone does something diminutively wrong, and they’re immediately ridiculed or called out online. Sometimes, this may only be because their words, actions, or images were taken out of context or edited, but the damage is already done the moment that we send out those initial accusations.

We find it so easy to be rude or make snap decisions behind the comfort of a screen by saying things we would never dare say in person. For most of society, if a lot of people are taking part in something, that’s good enough. No explanation is needed.

That’s where we need to be careful with our social media usage. If we took the time to be bored and think twice about what we were doing, and maybe decided to practice individualism, vicious mob mentalities would take more of a backseat in our culture.

But, perhaps most importantly, I believe it would instill some hope into the future of our generation and for those to come—hope that we can be kind to each other by spending some time being kind to ourselves, instead of being absorbed in our screens.

Dante Caloia is a first-year Arts student.

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Trump could cash out his DJT stock within weeks. Here’s what happens if he sells

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3 weeks ago

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August 23, 2024

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Former President Donald Trump is on the brink of a significant financial decision that could have far-reaching implications for both his personal wealth and the future of his fledgling social media company, Trump Media & Technology Group (TMTG). As the lockup period on his shares in TMTG, which owns Truth Social, nears its end, Trump could soon be free to sell his substantial stake in the company. However, the potential payday, which makes up a large portion of his net worth, comes with considerable risks for Trump and his supporters.

Trump’s stake in TMTG comprises nearly 59% of the company, amounting to 114,750,000 shares. As of now, this holding is valued at approximately $2.6 billion. These shares are currently under a lockup agreement, a common feature of initial public offerings (IPOs), designed to prevent company insiders from immediately selling their shares and potentially destabilizing the stock. The lockup, which began after TMTG’s merger with a special purpose acquisition company (SPAC), is set to expire on September 25, though it could end earlier if certain conditions are met.

Should Trump decide to sell his shares after the lockup expires, the market could respond in unpredictable ways. The sale of a substantial number of shares by a major stakeholder like Trump could flood the market, potentially driving down the stock price. Daniel Bradley, a finance professor at the University of South Florida, suggests that the market might react negatively to such a large sale, particularly if there aren’t enough buyers to absorb the supply. This could lead to a sharp decline in the stock’s value, impacting both Trump’s personal wealth and the company’s market standing.

Moreover, Trump’s involvement in Truth Social has been a key driver of investor interest. The platform, marketed as a free speech alternative to mainstream social media, has attracted a loyal user base largely due to Trump’s presence. If Trump were to sell his stake, it might signal a lack of confidence in the company, potentially shaking investor confidence and further depressing the stock price.

Trump’s decision is also influenced by his ongoing legal battles, which have already cost him over $100 million in legal fees. Selling his shares could provide a significant financial boost, helping him cover these mounting expenses. However, this move could also have political ramifications, especially as he continues his bid for the Republican nomination in the 2024 presidential race.

Trump Media’s success is closely tied to Trump’s political fortunes. The company’s stock has shown volatility in response to developments in the presidential race, with Trump’s chances of winning having a direct impact on the stock’s value. If Trump sells his stake, it could be interpreted as a lack of confidence in his own political future, potentially undermining both his campaign and the company’s prospects.

Truth Social, the flagship product of TMTG, has faced challenges in generating traffic and advertising revenue, especially compared to established social media giants like X (formerly Twitter) and Facebook. Despite this, the company’s valuation has remained high, fueled by investor speculation on Trump’s political future. If Trump remains in the race and manages to secure the presidency, the value of his shares could increase. Conversely, any missteps on the campaign trail could have the opposite effect, further destabilizing the stock.

As the lockup period comes to an end, Trump faces a critical decision that could shape the future of both his personal finances and Truth Social. Whether he chooses to hold onto his shares or cash out, the outcome will likely have significant consequences for the company, its investors, and Trump’s political aspirations.

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Arizona man accused of social media threats to Trump is arrested

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3 weeks ago

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August 23, 2024

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Cochise County, AZ — Law enforcement officials in Arizona have apprehended Ronald Lee Syvrud, a 66-year-old resident of Cochise County, after a manhunt was launched following alleged death threats he made against former President Donald Trump. The threats reportedly surfaced in social media posts over the past two weeks, as Trump visited the US-Mexico border in Cochise County on Thursday.

Syvrud, who hails from Benson, Arizona, located about 50 miles southeast of Tucson, was captured by the Cochise County Sheriff’s Office on Thursday afternoon. The Sheriff’s Office confirmed his arrest, stating, “This subject has been taken into custody without incident.”

In addition to the alleged threats against Trump, Syvrud is wanted for multiple offences, including failure to register as a sex offender. He also faces several warrants in both Wisconsin and Arizona, including charges for driving under the influence and a felony hit-and-run.

The timing of the arrest coincided with Trump’s visit to Cochise County, where he toured the US-Mexico border. During his visit, Trump addressed the ongoing border issues and criticized his political rival, Democratic presidential nominee Kamala Harris, for what he described as lax immigration policies. When asked by reporters about the ongoing manhunt for Syvrud, Trump responded, “No, I have not heard that, but I am not that surprised and the reason is because I want to do things that are very bad for the bad guys.”

This incident marks the latest in a series of threats against political figures during the current election cycle. Just earlier this month, a 66-year-old Virginia man was arrested on suspicion of making death threats against Vice President Kamala Harris and other public officials.

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Trump Media & Technology Group Faces Declining Stock Amid Financial Struggles and Increased Competition

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3 weeks ago

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August 20, 2024

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Trump Media & Technology Group’s stock has taken a significant hit, dropping more than 11% this week following a disappointing earnings report and the return of former U.S. President Donald Trump to the rival social media platform X, formerly known as Twitter. This decline is part of a broader downward trend for the parent company of Truth Social, with the stock plummeting nearly 43% since mid-July. Despite the sharp decline, some investors remain unfazed, expressing continued optimism for the company’s financial future or standing by their investment as a show of political support for Trump.

One such investor, Todd Schlanger, an interior designer from West Palm Beach, explained his commitment to the stock, stating, “I’m a Republican, so I supported him. When I found out about the stock, I got involved because I support the company and believe in free speech.” Schlanger, who owns around 1,000 shares, is a regular user of Truth Social and is excited about the company’s future, particularly its plans to expand its streaming services. He believes Truth Social has the potential to be as strong as Facebook or X, despite the stock’s recent struggles.

However, Truth Social’s stock performance is deeply tied to Trump’s political influence and the company’s ability to generate sustainable revenue, which has proven challenging. An earnings report released last Friday showed the company lost over $16 million in the three-month period ending in June. Revenue dropped by 30%, down to approximately $836,000 compared to $1.2 million during the same period last year.

In response to the earnings report, Truth Social CEO Devin Nunes emphasized the company’s strong cash position, highlighting $344 million in cash reserves and no debt. He also reiterated the company’s commitment to free speech, stating, “From the beginning, it was our intention to make Truth Social an impenetrable beachhead of free speech, and by taking extraordinary steps to minimize our reliance on Big Tech, that is exactly what we are doing.”

Despite these assurances, investors reacted negatively to the quarterly report, leading to a steep drop in stock price. The situation was further complicated by Trump’s return to X, where he posted for the first time in a year. Trump’s exclusivity agreement with Trump Media & Technology Group mandates that he posts personal content first on Truth Social. However, he is allowed to make politically related posts on other social media platforms, which he did earlier this week, potentially drawing users away from Truth Social.

For investors like Teri Lynn Roberson, who purchased shares near the company’s peak after it went public in March, the decline in stock value has been disheartening. However, Roberson remains unbothered by the poor performance, saying her investment was more about supporting Trump than making money. “I’m way at a loss, but I am OK with that. I am just watching it for fun,” Roberson said, adding that she sees Trump’s return to X as a positive move that could expand his reach beyond Truth Social’s “echo chamber.”

The stock’s performance holds significant financial implications for Trump himself, as he owns a 65% stake in Trump Media & Technology Group. According to Fortune, this stake represents a substantial portion of his net worth, which could be vulnerable if the company continues to struggle financially.

Analysts have described Truth Social as a “meme stock,” similar to companies like GameStop and AMC that saw their stock prices driven by ideological investments rather than business fundamentals. Tyler Richey, an analyst at Sevens Report Research, noted that the stock has ebbed and flowed based on sentiment toward Trump. He pointed out that the recent decline coincided with the rise of U.S. Vice President Kamala Harris as the Democratic presidential nominee, which may have dampened perceptions of Trump’s 2024 election prospects.

Jay Ritter, a finance professor at the University of Florida, offered a grim long-term outlook for Truth Social, suggesting that the stock would likely remain volatile, but with an overall downward trend. “What’s lacking for the true believer in the company story is, ‘OK, where is the business strategy that will be generating revenue?'” Ritter said, highlighting the company’s struggle to produce a sustainable business model.

Still, for some investors, like Michael Rogers, a masonry company owner in North Carolina, their support for Trump Media & Technology Group is unwavering. Rogers, who owns over 10,000 shares, said he invested in the company both as a show of support for Trump and because of his belief in the company’s financial future. Despite concerns about the company’s revenue challenges, Rogers expressed confidence in the business, stating, “I’m in it for the long haul.”

Not all investors are as confident. Mitchell Standley, who made a significant return on his investment earlier this year by capitalizing on the hype surrounding Trump Media’s planned merger with Digital World Acquisition Corporation, has since moved on. “It was basically just a pump and dump,” Standley told ABC News. “I knew that once they merged, all of his supporters were going to dump a bunch of money into it and buy it up.” Now, Standley is staying away from the company, citing the lack of business fundamentals as the reason for his exit.

Truth Social’s future remains uncertain as it continues to struggle with financial losses and faces stiff competition from established social media platforms. While its user base and investor sentiment are bolstered by Trump’s political following, the company’s long-term viability will depend on its ability to create a sustainable revenue stream and maintain relevance in a crowded digital landscape.

As the company seeks to stabilize, the question remains whether its appeal to Trump’s supporters can translate into financial success or whether it will remain a volatile stock driven more by ideology than business fundamentals.

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