Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with "heavy debt."
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Maybe you should not have fucked up a good thing.
Twitter was good?
It was mildly profitable.
Mildly profitable for about 2 years. After 12 years of losses. Then lost money even before the moron bought it.
I think everyone who thought twitter was bad/hated it just really used it the wrong way.
All you had to do was follow specific accounts akin to your interest (and probably avoid reading comments) and it was fab. That was the intended use anyway until they started forcing more algorithmic content you didn't ask for into a new 'home' feed.
It was a fantastic tool for keeping up to date with things you are interested in and there was nothing else like it, still isn't to that scale.
If you were browsing trending sections and engaging in comment threads, then you were always going to have a bad time and get bullshit shoved into your face.
Twitter was a great space for breaking news, official alerts like weather, earthquakes and tsunamis, for developing election day tallies.
The "you mean Grimes left the king of SpaceX?" manchild broke all that.She left him for Chelsea Manning, which almost makes me believe in karma.
Early Twitter was good, started going to crap around 2012.
Eh, I’d say earlier than that. Twitter was pretty much trash by 2010 in my book.
There were some paths to profitability, then there's what Elon decided to do.