The hot-hand fallacy is the tendency to believe that someone who has been successful in a task or activity is more likely to be successful again in further attempts. The hot-hand fallacy derives from the saying that athletes have “hot hands” when they repeatedly score, causing people to believe that they are on a streak and will continue to have successful outcomes.
Ultimately, Twitter will survive simply because there is no replacement for it right now. But it will look and function differently since Musk wants to make a site that has finance at its core for revenue rather than advertisers.<p>People have speculated that all the tech parts of Twitter can be replicated for less than 500mil so in a way I can see why Musk wants to get rid of a big chunk of its workforce and rebuild it as a new entity with new people and a new way of thinking at its core.<p>He'll rebuild it and have a new revenue model for it. It will be interesting.
If he ends up turning it into a place where the only advertisers who want to be there are shilling male enhancement pills and survivalist supplies, he may have a problem.