nuff said
Remember the 50% number is just what he was comfortable with publishing to the public
We have no reason to believe his public statistics
this post was submitted on 15 Jul 2023
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100% of the ads I see on Twitter today are dropshipping scams, while in the pre-musk era they were highly targeted to my job and interests to the point that if there wasn't the "ad" tag I couldn't distinguish that.
They can't cost the same for the advertiser, a generic dropshipping scam that targets everyone must be cheap
Indeed. Elon is a pathalogical liar.
Why would he tweet about his losses in the first place? I applaud his openness (/s) but I doubt any investors or advertisers will come running to a dying social networking.
He thinks it gives him an excuse to escalate his erratic decision-making.
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Wait, the white supremacists and Nazis that he caters to aren’t making up the ad revenue? Well I’ll be!
Maybe.... I don't know, just throwing ideas out there.... you shouldn't have Musked all over Twitter nor fired its core developers? Again, just thinking out loud....
Or saddled the business with 10 billion in debt? Shit is like an ouroboros...
Not even just that... Alienates all potential leftwing/brand friendly advertiser's through changes and being the spokesperson for the platform.
"We're down 50% how could this have happened?????" - Elon Musk
Dude needs to stfu, make an alt account. He has chosen to be the spokesperson for the platform. Spouting off conspiracies and controversial takes. You can't be surprised nobody wants to associate with him.
He is a liability and a brand risk. Sure he can have his opinions but here is the problem...
He has chosen to be extremely public and force those opinions onto the average consumer feed due to his narcissistic tendencies and it is biting him in the ass.
No sympathy. He wanted free speech, (albeit it isn't because he is okay as long as it doesn't criticise him or his affiliates.) now he has his free speech platform but in the same way advertisers can chose not to engage with it.
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- Your Google search result redirects to Twitter
- you click and open the link
- Twitter asks you to login to see the tweet.
- You close that tab and move on to next search result.
Best way to avoid traffic to your site, then complain about revenue loss from advertisements.
medium started doing the same shit, sometimes it has interesting articles I'd like to read, but then they started putting in behind registration so I just no longer open medium links.
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Weird, users can't access the site, so ad revenue goes down?? Nobody can blame Elon, that's literally impossible to predict. Maybe if he bans users from tweeting more than once a day it will get better?
Maybe it’s the advertisers. They’re racist and hate Musk because he’s African. That must be it. Couldn’t possibly be anything else.
I'm not waiting to see Twitter fail. I'm just hoping that the federated alternatives for Twitter and Reddit will get more mainstream. And I must say that I'm happy with the way things are evolving at Mastodon and Lemmy.
That’s actually a better outcome, quarantine the crazies in twitter and/or reddit while the mainstream happens in the fediverse.
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Hmm maybe putting in rate limits, thus greatly reducing the amount of time people spend on the app, isn't the best strategy for a platform whose main source of revenue comes from advertising?
I think there is like a 1% chance rate limits were an actual thing. It really feels like someone fucked something up, caused the issue and the "rate limits" were how Elon decided to try and play it. Then "increasing" the limits multiple times to completely illogical values was the system slowly coming back up. Elon increasing that limit makes him look like he is listening to the users and thus the good guy.
I have not seen anyone complain about rate limits since the day it happened. Other than jokes has anyone seen or heard of the issue?
I would say a company suddenly introducing a major policy change like view limits with no warning is beyond stupid but then again it is Elon who seems to believe he is God's gift to tech.
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Elon complaining about this just reminds me that he can afford to lose ~50 billion dollars and still be one of the wealthiest people ever to have lived.
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I remember a fellow saying Elon is a very business savvy person, because of his 2 other successful companies, Tesla and SpaceX. I guess ruining communications with potential advertisers on a platform that depends entirely on advertisers wasn't a very intelligent move.
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Of course! It's because of Threads! Don't you guys get it? They stole their secrets!! It has absolutely nothing to do with how things are being run on twitter or because Elon Musk is a genius!!!
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Fuck Musk and fuck twitter and all that goes with it.
And no interest in thinking about why they're down ~50% in advertising revenue.
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So, we still 50% to go. I believe in you, Elon /s
The heavy debt load was caused by his purchase... He paid $26 bn, a couple other investors (including a Saudi prince) together paid $5 bn, the remaining $13 bn is a loan Twitter took out to buy itself on Musk's behalf.
The purchase was always a financial death sentence. Either Twitter steps into line and becomes the propaganda tool he and his old friend Peter Thiel want, then it can have some extra investment, or Twitter dies.
I still don't get how it's legal for Twitter to take out a loan on itself on Musk's behalf.
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Translation: "I'm terrible at business, and I'm making it everyone else's problem"
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Heavy debt load? Where could that have come from.? A leveraged buyout at an overvalued price or something?
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Nobody is talking about it, but does that advertising exec that Musk hired for CEO take a massive hit to her career for any of this?
It seems surreal to have a ghost CEO who isn't responsible for anything such a large company does. But that's exactly what's happening here.
Maybe, but there's a market out there for CEOs who are willing to take the blame for some unpopular decisions and then walk away. There's also something to be said that "-50%" might actually be an improvement over where it was before she was hired, and the bad decisions weren't hers.
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Gasp. Who would have thought actively courting Nazis would make risk averse corporations stop using your ads! Poor Elon! Also doesn't help that the site was basic private for a while. I know I never bothered to log in while it was log in only.
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Music to my ears
Has he tried not fucking up the platform yet?
On the other hand, I think the people at Tesla/SpaceX are probably very happy that Elon has his hands full with Twitter right now.
Let’s see: Alienate the users. Fire everyone who knows how to keep the place running. Fill the site with bots and white supremacists.
FA complete. FO now underway.
Just shut it down already.
Good. Fuck em
50% is just what he's admitting to. Not sure how easily that number can be verified, but if someone told me that the actual numbers were much, much worse... I wouldn't bet against them.
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Can't wait when he lays off another 50% of whatever the company remains, his fanbase will go nuts for it and say he's a business genius.
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Colour me surprised that Mr Musk and lowering moderating standards would lower advertising revenue.
I am mostly surprised that he actually admits worse numbers
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