Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.
good. he killed off thirdparty apps and destroys twitter each day more. i hope it burns to the ground so we can finally start using a better plattform without him controling everything.
It's the best and worst thing to happen to the internet.
Best because - Twitter is a toxic site, with toxic people and a system that encourages ragebaiting means it breeds it.
Worst because - These negative people need somewhere to go... And it will only force them onto alternatives and fester in new places. Potentially here.
I wonder what hurts the guy more, that he was forced to overpay for this dumpster fire, or that everyone can point at him as the reason for the site's failure.
One thing that's very fascinating is to go to his tweet and see all the blue checkmarks pitching him suggestions about what to do now, but praising him at the same time for the magnificent work he has done so far, like, "excellent job on steps 1, 2 and 3, now he's what steps 4 and 5 are about-". They can't really believe that, but I guess they do it to try to get a "Agreed" from him? I don't know. Its mystifying.
and now probably reddit would probably fall, if i remember , spez was inspired by elon that he wanted to apply it to reddit, i think this is the sign where spez should take note of that red-venue (pun lol)