X May Lose Up to $75 Million in Revenue as More Advertisers Pull Out
Internal documents show companies like Airbnb, Coca-Cola and Microsoft have halted ads, or may do so, after Elon Musk’s endorsement of an antisemitic conspiracy theory.
HOW THE FUCK IS TWITTER NOT FUCKING DEAD YET
Momentum imo. Same reason Myspace has lasted despite no one I know of messing with in in like a decade.
At the rate its going I think another sell off at a bargain basement price (see also: Tumblr) is inevitable.
People haven't fully migrated to an alternative (Mastodon) yet. Very few people and organizational accounts will just stop Twitter cold-turkey.
And yet Geocities and Tripod and Vine all go under and take everything on them with them.
I was an Angelfire guy, myself.
Let it burn, it's a cesspit of trash and toxic stuff. I hope Musk takes a big dent and humbles up, but I doubt it...
I'm pretty sure he took over for his GOP friends to either make it more backwards or run it into the ground before the big US elections. It probably wasn't his idea, because he's not capable to come up with something that smart. Naming it X revealed he hopes it's salvagable to be his hillbilly incel platform. Either way, he will have fulfilled his task in time.
I honestly think it's more that his right leaning mind virus caused him to think he's doing good in the world by buying up a platform like twitter and making changes that either kill it or if it works it turns it into something he views as a 'free speech' platform. I don't think this is some hidden thing on behalf of the GOP or other groups. Its all him.
If you listen to him he outright says this. He thinks he's the good guy here because in his perspective Twitter was how we all see X now. He believes he's performing a service to the public for a greater good.
Nah. It'll all be the fault of left wing gay Jewish globalist radicals. The funny thing is that this dude is actually pretty intelligent (despite everything you hear) and yet he seems to genuinely believe this kind of bullshit. Just what you get from huffing your own farts too much.
I was about to say $75 Million is not a big deal for a billion dollars company, but:
"X, the social media company formerly known as Twitter, could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns after its owner, Elon Musk, endorsed an antisemitic conspiracy theory this month."
$75 Million over one an half month is a much more significant number. Let's hope those company stick to their position and let that thing die.
Why is anyone even still using Xitter at all? Those that still do are part of the problem and have no real excuse for supporting the Nazi site.
Fear of losing attention and money.
This. Twitter has always been an advertising platform. Just not in the way most people think.
Agree, but there are several industries that still rely on it. The biggest is probably sports news.
Momentum. Plenty of communities on a variety of subjects use twitter as their primary forum, and once something is standard, it’s difficult to change. In my (limited) twitter experience it’s also not too difficult to isolate yourself from a lot of the shit and just follow people who you’re interested in.
It’s still fit for purpose for specific communities of people. And moving to a new platform can cause a lot of problems - tell me with a straight face that Lemmy has reached the same levels of engagement, variety, and diversity that Reddit had.
Is he gonna sue all of them now for exercising the type of freedom of speech that he disagrees with?
He must have fired the people who would have told him "no" to bad ideas he has about the bussiness of X. NO ADVERTISERS want their ads next to Nazi and Republican post.
Elon was born rich and I'm sure he wouldn't be were he is now if he wasn't--like a lot of the "selfmade" rich people. (cough) Trump (cough)
Elon's not worried. Conservatives never pull out.
It’ll have its own way of “shutting that whole thing down”.
conservatives don't bring money like these rainbow capitalists do
A rare whoosh has been spotted.
A man of culture
Never pay for paywalls.
Wonderful :)
Elon pays a high price each time he taps that "Post" button. But he seems like a guy who's happy to YOLO most of his actions.
The man seemingly has access to infinite cash reserves, so formerly known as Twitter won't stop working until he's bored of it. The comments wondering why it's not dead yet seem worn out by now.
Finally, the non-stop flow of articles and posts about the site prove its reach still punches way above it's weight class.
I guarantee you, Elon Musk is perpetually happier than 90% of the people who criticize him.
He definitely has more problems than most people in general, problems that would terrify a lot of regular souls. But he's also got a lot of help with those. Maybe it evens out.
I'm sure he's biting his nails about those criticisms while he's heliskiing in Telluride or crossing the Atlantic in his G6.
They mean, will, right?
I love to pull out
Anyone tried squaker yet? Its on fdroid. Browse twitter without the shitty app but tbh its dead af. I deleted sqauker after few days of use.
If it's just a Twitter browser, how is it dead?
Aw, you did a really good comment. Keep it up :)