Vermillion Posted July 16, 2023 Posted July 16, 2023 Quote [...] Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt load and a roughly 50% drop in advertising revenue. The social media site will “need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet. Advertiser spending dropped 89% to $7.6 million over a two-month period early this year, according to estimates for market research firm Sensor Tower. The top 10 advertisers had spent $71 million on ads from September to October of 2022, ahead of Musk’s acquisition. The firm laid off thousands of employees in the wake of the deal. [...] Bloomberg 1
airplane Posted July 16, 2023 Posted July 16, 2023 Hopefully he can no longer run it and is forced to sell it off 1
Katamari Posted July 16, 2023 Posted July 16, 2023 is that why i keep seeing that car cup holder ad all of the time
imabadkid Posted July 16, 2023 Posted July 16, 2023 He's so dumb that it's actually like disturbing. Twitter, while it always had its fault, isn't even usable anymore. I still get the rate limit error... lots of people on Reddit are complaining that their Twitter accounts have been hacked and there's been no response from Twitter, they can't log in, they're getting the rate exceeded error, etc. Twitter will likely be done in about a year or so.
Velvet Night Posted July 16, 2023 Posted July 16, 2023 With how much negativity there is these days, it’s good to see something positive in the news. 4
Trent W Posted July 16, 2023 Posted July 16, 2023 Twitter bounced back this week, everyone seem to be okay and traffic seems more stable The base is so loyal, even with this dumbass as the owner it’s stable. He should just sell it, he only bought it to “own the libs” and he clearly couldn’t pull back. He was basically forced to buy it and he doesn’t know what to do with it. Anyone would do a better job than this braindead egomaniac. 1
KatyPrismSpirit Posted July 16, 2023 Posted July 16, 2023 Twitter has become a cesspool of *****graphy, trolling, right wing extremists and cyber bullying so i wouldn't mind seeing it burn down
ATRL Moderator supaspaz Posted July 16, 2023 ATRL Moderator Posted July 16, 2023 This is all I can think of
getBusy Posted July 16, 2023 Posted July 16, 2023 👏🏼👏🏼👏🏼 imagine how stupid you have to be to scare the advertisers, who are your main revenue stream, as soon as you buy a company 1
JustHoran Posted July 16, 2023 Posted July 16, 2023 Threads is only growing bigger and once they improve it + launch a web version, it really is over for Twitter.
rivers Posted July 16, 2023 Posted July 16, 2023 They told me if you go woke, you go broke. Seems like the opposite is actually the truth
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