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Second Act of Social-Media Activism

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Illustration by Maria Chimishkyan

Three months of quarantine taught us to live online, so it’s perhaps unsurprising that it was what we saw online that sent us back onto the streets. On May 25th, the circulation of video footage capturing George Floyd’s murder by four Minneapolis police officers quickly incited local protests. Three nights later, our feeds streamed with live images of protesters burning Minneapolis’s Third Police Precinct. In the course of June, uprisings expanded at unprecedented speed and scale—growing nationally and then internationally, leaving a series of now iconic images, videos, and exhortations in their wake. Every historic event has its ideal medium of documentation—the novel, the photograph, the television—and what we’re witnessing feels like an exceptionally “online” moment of social unrest.

Indeed, the struggle in the public square has unfolded alongside a takeover of the virtual one. Amid cell-phone footage of protests and toppling statues, the Internet has been further inundated with what we might call activist media. Screenshots of bail-fund donations urging others to match continue to proliferate. Protest guides, generated from years of on-the-ground activist experience, are readily shared over Twitter and Instagram, telling readers how to blur faces in photographs or aid in de-arrests. There are e-mail and phone-call templates, pre-scripted and mass-circulated. Webinars about police abolition now constitute their own subgenre. And city-council meetings, which had already migrated to Zoom because of the pandemic, have come to host the hallowed activist tradition of town-hall agitation. (Well-timed appeals for the police department to “suck my dick,” it turns out, can be as effective online as off.) As some of June’s uprisings evolve into today’s encampments, the long revolutionary summer of 2020—made all the longer by quarantine—continues apace online.

Some of this story may seem familiar. In “Twitter and Tear Gas: The Power and Fragility of Networked Protest,” from 2017, the sociologist Zeynep Tufekci examined how a “digitally networked public sphere” had come to shape social movements. Tufekci drew on her own experience of the 2011 Arab uprisings, whose early mobilization of social media set the stage for the protests at Gezi Park, in Istanbul, the Occupy action, in New York City, and the Black Lives Matter movement, in Ferguson. For Tufekci, the use of the Internet linked these various, decentralized uprisings and distinguished them from predecessors such as the nineteen-sixties civil-rights movement. Whereas “older movements had to build their organizing capacity first,” Tufekci argued, “modern networked movements can scale up quickly and take care of all sorts of logistical tasks without building any substantial organizational capacity before the first protest or march.”

The speed afforded by such protest is, however, as much its peril as its promise. After a swift expansion, spontaneous movements are often prone to what Tufekci calls “tactical freezes.” Because they are often leaderless, and can lack “both the culture and the infrastructure for making collective decisions,” they are left with little room to adjust strategies or negotiate demands. At a more fundamental level, social media’s corporate infrastructure makes such movements vulnerable to coöptation and censorship. Tufekci is clear-eyed about these pitfalls, even as she rejects the broader criticisms of “slacktivism” laid out, for example, by Evgeny Morozov’s “The Net Delusion,” from 2011.

“Twitter and Tear Gas” remains trenchant about how social media can and cannot enact reform. But movements change, as does technology. Since Tufekci’s book was published, social media has helped represent—and, in some cases, helped organize—the Arab Spring 2.0, France’s “Yellow Vest” movement, Puerto Rico’s RickyLeaks, the 2019 Iranian protests, the Hong Kong protests, and what we might call the B.L.M. uprising of 2020. This last event, still ongoing, has evinced a scale, creativity, and endurance that challenges those skeptical of the Internet’s ability to mediate a movement. As Tufekci notes in her book, the real-world effects of Occupy, the Women’s March, and even Ferguson-era B.L.M. were often underwhelming. By contrast, since George Floyd’s death, cities have cut billions of dollars from police budgets; school districts have severed ties with police; multiple police-reform-and-accountability bills have been introduced in Congress; and cities like Minneapolis have vowed to defund policing. Plenty of work remains, but the link between activism, the Internet, and material action seems to have deepened. What’s changed?

The current uprisings slot neatly into Tufekci’s story, with one exception. As the flurry of digital activism continues, there is no sense that this movement is unclear about its aims—abolition—or that it might collapse under a tactical freeze. Instead, the many protest guides, syllabi, Webinars, and the like have made clear both the objectives of abolition and the digital savvy of abolitionists. It is a message so legible that even Fox News grasped it with relative ease. Rachel Kuo, an organizer and scholar of digital activism, told me that this clarity has been shaped partly by organizers who increasingly rely on “a combination of digital platforms, whether that’s Google Drive, Signal, Messenger, Slack, or other combinations of software, for collaboration, information storage, resource access, and daily communications.” The public tends to focus, understandably, on the profusion of hashtags and sleek graphics, but Kuo stressed that it was this “back end” work—an inventory of knowledge, a stronger sense of alliance—that has allowed digital activism to “reflect broader concerns and visions around community safety, accessibility, and accountability.” The uprisings might have unfolded organically, but what has sustained them is precisely what many prior networked protests lacked: preëxisting organizations with specific demands for a better world.

Some of this growth is simply a function of time. It has been seven years since Black Lives Matter was founded. Since then, groups such as the Movement for Black Lives—an explicitly abolitionist, anti-capitalist network that includes more than a hundred and fifty organizations—have lent unity and direction to a coalition that was once, perhaps, too diffuse to articulate shared principles. These groups have also become better at using the Internet to frame, formalize, and advance their agenda. As Sarah J. Jackson, Moya Bailey, and Brooke Foucault Welles write in “#HashtagActivism,” social media provides a digital “counterpublic,” in which voices excluded from “elite media spaces” can engage “alternative networks of debate.” When moments of rupture occur, this counterpublic can more readily make mainstream interventions. Recent discourse about prison and police abolition might be the clearest example of a shift in the Overton window, though Bailey points even to “the language that we’re hearing on television, white supremacy being named for what it is,” as unimaginable just a few years ago.

What’s distinct about the current movement is not just the clarity of its messaging, but its ability to convey that message through so much noise. On June 2nd, the music industry launched #BlackoutTuesday, an action against police brutality that involved, among other things, Instagram and Facebook users posting plain black boxes to their accounts. The posts often included the hashtag #BlackLivesMatter; almost immediately, social-media users were inundated with even more posts, which explained why using that hashtag drowned out crucial information about events and resources with a sea of mute boxes. For Meredith Clark, a media-studies professor at the University of Virginia, the response illustrated how the B.L.M. movement had honed its ability to stick to a program, and to correct those who deployed that program naïvely. In 2014, many people had only a thin sense of how a hashtag could organize actions or establish circles of care. Today, “people understand what it means to use a hashtag,” Clark told me. They use “their own social media in a certain way to essentially quiet background noise” and “allow those voices that need to connect with each other the space to do so.” The #BlackoutTuesday affair exemplified an increasing awareness of how digital tactics have material consequences.

Another example arrived on June 3rd, when Campaign Zero—a Black Lives Matter branch often associated with the activist DeRay Mckesson—launched a campaign, #8cantwait, to “reduce police violence.” The campaign endorsed a reformist platform, which included banning choke holds and enforcing deëscalation training; it was widely circulated, and won support from names like Jon Lovett and Ariana Grande. By the end of that weekend, though, the campaign had been roundly criticized as too moderate—and perhaps even misleading, as many of its proposals had already been adopted—and it was abandoned by many within and without the B.L.M. movement. In response, a “group of abolitionist comrades,” in the words of the human-rights lawyer Derecka Purnell, presented a competing campaign with its own hashtag: #8toabolition. The immense speed with which #8toabolition was born and broadcast illustrates the tactical efficiency of today’s abolitionists. When I spoke to three of #8toabolition’s co-writers—Mon Mohapatra, Reina Sultan, and Rachel Kuo—over Zoom, they told me that their campaign’s demands were drafted by ten different activists in a shared Google doc in the course of twenty-four hours. That speed was enabled by the networks of trust and collaboration built through years of organizing.

These networks suggest that digital activism has entered a second act, in which the tools of the Internet have been increasingly integrated into the hard-won structure of older movements. Though, as networked protest grows in scale and popularity, it still risks being hijacked by the mainstream. Any urgent circulation of information—the same memes filtering through your Instagram stories, the same looping images retweeted into your timeline—can be numbing, and any shift in the Overton window means that hegemony drifts with it. You know something has gone wrong when the San Francisco 49ers post a #BlackoutTuesday box. From the renaming (and repainting) of “Black Lives Matter Plaza” by the mayor of Washington, D.C., Muriel Bowser, to ahistorical citations of Martin Luther King, Jr.,’s speeches, the discourse of Black struggle remains open to aggressive co-optation. The meme-ification of Breonna Taylor’s death—in which calls to arrest her killers are prefaced by mundane observations about, say, the weather—may be the most depressing example yet of how social media can trivialize a movement.

In “Twitter and Tear Gas,” Tufekci wrote, “The Black Lives Matter movement is young, and how it will develop further capacities remains to be seen.” The movement is older now. It has developed its tactics, its messaging, its reach—but perhaps its most striking new capacity is a sharper recognition of social media’s limits. “This movement has mastered what social media is good for,” Deva Woodly, a professor of politics at the New School, told me. “And that’s basically the meme: it’s the headline.” Those memes, Woodley said, help “codify the message” that leads to broader, deeper conversations offline, which, in turn, build on a long history of radical pedagogy. As more and more of us join those conversations, prompted by the words and images we see on our screens, it’s clear that the revolution will not be tweeted—at least, not entirely.

SOURCE: – The New Yorker

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

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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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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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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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