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Twitter Revenue tumbles 15%; down 49% in Europe + ME/Africa


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Posted

Very surprising numbers, as I was ensured by reliable experts on ATRL that all the fired employees were completely useless? :redface:

 

Quote

On Tuesday, a report revealed that Twitter advertising revenues continue to dip, as the company struggles to retain advertisers following Elon Musk's takeover. 

The employee shared that Twitter's ad revenue is down 15 percent year over year and weekly bookings are down 49 percent in Europe, the Middle East, and Africa, as per Platformer.


Half of Twitter's top 100 advertisers, including Chevrolet, Ford, and Chipotle have ceased advertising on the platform, according to the research center Media Matters,

https://www.businessinsider.com/twitter-continues-to-see-a-significant-decline-in-advertising-losses-2022-11?amp

Posted (edited)

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Edited by Riot
  • ATRL Moderator
Posted

Real life Tony Stark did that. Keep up the good work, Elon! :clap3: 

Posted

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Posted

BUT BUt but but but I thought daily active users have gone up????  You're telling me this doesn't matter if there are no ads to be served???? :redface::redface::redface: And this report probably doesn't take into consideration that advertising GIANT that is Apple also pulled ads a couple of days ago. Oops? :redface::redface::redface::redface::redface::redface::redface::redface::redface::redface:

Posted

Could this actually bankrupt him? 

Posted
8 minutes ago, Navy4Life said:

Could this actually bankrupt him? 

No he can just sell his Tesla shares but Tesla shareholders will be very very anrgy with him

Posted

He’s going to drag the EU regulations next :dies:

 

The Jester of tech :clap3:

 

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Posted

Girl...SOME employees were in fact useless. Idc what ifs you say but it's the truth.

 

Like how is 80% of the staff fired and Twitter is still running.

 

Like honestly I don't even care at this point and I hope Twitter collaspses completely. Such a cesspool

Posted (edited)
29 minutes ago, Paranoid Android said:

This should only get worse, I guess. Most companies probably locked their spending for this quarter before the **** show began. 

I don’t believe so. Twitter is too big for advertisers to stay away for too long, this is temporary and the purpose is to virtue signal, sooner or later they’ll crawl back. 

Edited by Zoomer
Posted
3 minutes ago, Delirious said:

No he can just sell his Tesla shares but Tesla shareholders will be very very anrgy with him

He already sold $7B Tesla stock to buy Twitter :deadbanana4:

 

You can already see  Tesla stock collapsing because of Elon’s antics (down 54% in value since the start of the year). The bigger mess Twitter becomes the more Tesla will tumble. 

Posted
3 minutes ago, Delirious said:

Like how is 80% of the staff fired and Twitter is still running.

It really isn't. There are so many bugs already that have showed up, and anyone who has worked in tech will tell you it won't be breaking now, it will start breaking as they add new features and break old features. You don't need to continuously peddle a bicycle to run an app/web, but you do need to have a good understanding of the old code and how everything relates.

Posted

Not Twitter being the biggest FLOP social media app out. TikTok and Facebook outsold.

Posted
3 minutes ago, est. in 90s said:

Not Twitter being the biggest FLOP social media app out. TikTok and Facebook outsold.

Even Snapchat of all apps has more revenue than Twitter at this point :redface:

Posted

The clown came back to bite

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Posted
8 minutes ago, Paranoid Android said:

Twitter? It's a very small platform for advertisers, that's why it is in such a bad state in the first place. Meta will happily gobble up those 4-5 billions. 

Not when its number of active users is at an all-time high. To advertisers that a huge lost market. I stand by what I said but I guess time will reveal. 

Posted
15 minutes ago, Delirious said:

Girl...SOME employees were in fact useless. Idc what ifs you say but it's the truth.

 

Like how is 80% of the staff fired and Twitter is still running.

 

Like honestly I don't even care at this point and I hope Twitter collaspses completely. Such a cesspool

Well he said that Twitter would be “intense” to work for and now remaining employees are working well beyond the standard 40 hours a week (which I’m sure many were doing to begin with). I’m sure most of the employees weren’t useless if they were being treated fairly, but hell, you could probably fire half of the ones that remain today if you force the other half to live at Twitter and work there every waking moment. Twitter may be up and running but the remaining employees are in an unethical work environment.

Posted
6 minutes ago, Delirious said:

Girl...SOME employees were in fact useless. Idc what ifs you say but it's the truth.

 

Like how is 80% of the staff fired and Twitter is still running.

 

Like honestly I don't even care at this point and I hope Twitter collaspses completely. Such a cesspool

Twitter servers aren't powered by giant hamster wheels employees run on :deadbanana2:. It is abusrd that anyone thinks everything would just stop working immediately, unless the infracture was incredibly fragile. Hard to believe that's the case for a well established platform like twitter

 

Employees at tech companies are there to advertise the product, manage the office space, build new features, equipment maintenance, manage contracts with other organizations, payroll, etc. It takes time to see the negative impact of a mass exodus. The public wouldn't see what's happening in real time. But I'm 100% sure anyone with a brain that's left at Twitter sees the writing on the wall after their org chart turned into swiss cheese 

Posted

Oh wow who would've thought, huh?

 

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Posted

King Zuckerberg won :clap3:

Posted
10 minutes ago, Zoomer said:

Not when its number of active users is at an all-time high. To advertisers that a huge lost market. I stand by what I said but I guess time will reveal. 

Monthly active users are up what like 3% since he took over? Hardly worth losing all that advertising revenue and industry connects for

Posted

Looking forward to Elon's meltdown and how he will spin this as an attack on "free speech" -- uh, because companies are exercising their right to advertise on other platforms. 

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