Beehaw
  • Communities
  • Create Post
  • search
    Search
  • Login
  • Sign Up
wrath0110 ( wrath0110@midwest.social )  to Technology@lemmy.mlEnglish · 3 years ago

Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow

www.phonearena.com

external-link
message-square
16
link
fedilink
134
external-link

Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow

www.phonearena.com

wrath0110 ( wrath0110@midwest.social )  to Technology@lemmy.mlEnglish · 3 years ago
message-square
16
link
fedilink
Elon Musk says that Twitter's cash flow is still in the red due to a 50% drop in advertising revenue.
alert-triangle
You must log in or # to comment.
  • Chozo ( Chozo@kbin.social ) 
    link
    fedilink
    arrow-up
    75
    ·
    3 years ago

    I love wholesome stories like this.

    • Perrin42 ( Perrin42@kbin.social ) 
      link
      fedilink
      arrow-up
      9
      ·
      3 years ago

      LOL! I had to screen shot this response. Thank you, I needed that laugh! 🤣

  • Giddy ( giddy@aussie.zone ) 
    link
    fedilink
    English
    arrow-up
    34
    ·
    3 years ago

    https://en.wikipedia.org/wiki/Schadenfreude

    • devdad ( devdad@programming.dev ) 
      link
      fedilink
      English
      arrow-up
      4
      ·
      3 years ago

      I didn’t know I needed this word, but I definitely do.

  • trashhalo ( trashhalo@beehaw.org ) 
    link
    fedilink
    English
    arrow-up
    25
    ·
    3 years ago

    Thread comment hit the nail on the head

    english teachers could use this as a textbook example of passive voice … “see, kids, he acts like these things happened TO him not BECAUSE of him”

    Musk: We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else.

  • Montagge ( Montagge@kbin.social ) 
    link
    fedilink
    arrow-up
    21
    ·
    3 years ago

    I hate that even more people are going to lose jobs and Musk will still be disgustingly rich.

    • Very_Bad_Janet ( Very_Bad_Janet@kbin.social ) 
      link
      fedilink
      arrow-up
      12
      ·
      3 years ago

      I hate that he is not.paying people the severance he promised,.yet has hundreds of billions of.dollars in net.worth.

      I hate that most of the people who will lose their jobs because of this guy will have their lives completely disrupted.

      He’s a deadbeat and a sociopath.

    • CoffeeBot ( CoffeeBot@lemmy.ca ) 
      link
      fedilink
      English
      arrow-up
      3
      ·
      3 years ago

      A lot of people there are unfortunately essentially captive too. Apparently coming over to America on sponsored visas and need to find an alternative company willing to sponsor them - which is not easy. They can’t quit without risking their ability to stay in the country.

  • brmbl ( brmbl@feddit.de ) 
    link
    fedilink
    English
    arrow-up
    13
    ·
    3 years ago

    Can‘t wait to read takes on why this is actually a genius move

    • somniumx ( somniumx@kbin.social ) 
      link
      fedilink
      arrow-up
      11
      ·
      3 years ago

      Get your tin foil hats ready!

      For many people, social media was a valuable tool during the last US election cycle for many people to get information that differ from fox and co.
      Now, right before the whole circus starts up again, Musk and spez are making “bad” decisions with their platform, to drive people away from those to other products like facebook, threads, … Stuff that is easier to “manage” in terms of what people get to see - and let’s face is, the people that end up here are a vast minority.
      And don’t get me started about stuff like the Arab spring, where twitter was very important to communicate.

      I’m not saying this is 100% happening, but I wouldn’t be surprised if Musk and co. are simply paid by certain people to fuck up social media, so we go back to a time when information and communication is easier to control.

      Now put your tinfoil hats away, they are a serious heat risk in today weather!

      • maynarkh ( maynarkh@feddit.nl ) 
        link
        fedilink
        arrow-up
        7
        ·
        3 years ago

        stuff like the Arab spring

        Would explain why the Saudis gave money to Musk to buy Twitter.

  • Sticky Fedi ( taanegl@lemmy.ml ) 
    link
    fedilink
    English
    arrow-up
    12
    ·
    3 years ago

    Musk uses “piss off users”.

    It hurt itself in the confusion.

  • finthechat ( finthechat@kbin.social ) 
    link
    fedilink
    arrow-up
    8
    ·
    3 years ago

    Sucks to suck

  • vrighter ( vrighter@discuss.tchncs.de ) 
    link
    fedilink
    English
    arrow-up
    6
    ·
    3 years ago

    good

  • CalcProgrammer1 ( CalcProgrammer1@lemmy.ml ) 
    link
    fedilink
    English
    arrow-up
    4
    ·
    3 years ago

    Happy news!

  • LifeInOregon ( LifeInOregon@kbin.social ) 
    link
    fedilink
    arrow-up
    4
    ·
    3 years ago

    url

Technology@lemmy.ml

technology@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.ml

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 2 users / day
  • 27 users / week
  • 625 users / month
  • 3.03K users / 6 months
  • 1.1K local subscribers
  • 43.4K subscribers
  • 4.7K Posts
  • 26.7K Comments
  • Modlog
  • mods:
  • MinutePhrase ( MinutePhrase@lemmy.ml ) 
  • BE: 0.19.15
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code