Ad revenue is down (at least) 50% and they just keep making decisions that kick people off their platform.
I’m pretty sure Twitter advertising and Reddit advertising are in a race to the bottom to see who’s going to have to pay companies to put ads on their site first.
It’s insane to watch this happen. I remember watching the rise of Twitter as a kid and it becoming ubiquitous with social media, only to see it crash down this quickly.
I’m speculating, but I’d guess a lot of functionality is being limited because they don’t have dev staff to maintain it, as well as trying to cut server costs as much as possible. I’d honestly be surprised if musk was making these decisions because he thinks it’s good for the health of the platform. There has to be some ulterior motive for it.
So we have one billionaire over in Meta, who's been making it very known how predatory in practice he is with getting your data and they fundamentally shatter the functionality of all of their platforms.
Then, we have this billionaire here who under a year, has made a total catastrophe of what was once a thriving platform once worth billions of it's own until he came and acquired it.
And then we have this not-a-billionaire who, is inspired by the self-destruction of the other platforms that they too, must follow suit, in hopes of aspiring success.
I wonder what book they're all reading from in the ways of business, that says if you suck harder, they'll mean a net positive.
I can't think of another product I know more about that I don't use. Just die already, elon is killing you in public to remove the threat of Twitter as an organizing tool for social uprisings and labor as a favor/brownie points/roundabout contracting for other billionaire "buddies".
I don’t see the logic in making this change. Is someone supposed to want to join blue just so they can DM people that haven’t changed the default setting?
I think it's important to remember that musk has never actually done anything to innovate the companies he's been a part of. He didn't create PayPal, he just bought his way in and made a series of dumb suggestions. He didn't create Tesla, he bought Tesla right after they had fine tuned their models, and then he made a series of changes that likely resulted in a worse product.
Elon Musk is not a good businessman, he's just rich and has a habit of purchasing profitable companies. Anyone could do this with his wealth. I'm not even really convinced that he's offered many technical ideas or designs for any of his companies, as it seems that would be the first thing he would mention every single time someone brought up one of his companies.
Damn, Mr. Musk could have made more money betting on stocks mentioned in r/wallstreetbets, and they ALWAYS lose money. Dude seriously needs to have twitter do the opposite of what he thinks.
I have never seen a billionaire try to go from billions to zero so hard in my life. It is like he is showing the U.S. government why billionaires shouldn’t exist.
Is there a fund that lets me do long term shorts on rich people?
"How to burn 44 billion dollars within a year" by Elon Musk
✅ alienated advertisers
✅ alienated right wing by curbing free speech despite saying the opposite
✅ alienated left wing by letting the right wing go rampant
✅ restricting core functions
Wow how is that going to be profitable for him? I don't see it.
To be honest, this is the only reason why I still have Twitter. I use it to contact various companies and ask for tech support. If I can't do that now, then there's no point to keep the account alive. Self-proclaimed genius is kind of an idiot. Just recently he complained about 50% drop rate in ad revenue, after killing ability to view tweets without account.
Louis Rossman has stated in a few of his Youtube videos that he would make more money if you sent him $1.00 than if you watched adds in a years worth of videos. I don't imagine that Twitter or Reddit are any better.
I think that what we're actually seeing is the death of advertising supported services. There's just not enough money in adds to be viable and there's no more free investor money to burn.
He's banking on the name "Twitter" still meaning something and there being no viable alternatives. Threads has really shown that twitter isn't as ubiquitous as we all assumed.
Time for everyone to turn the page and move forward.
No sense in giving Reddit et al anymore brain cycles.
We'll all end up back inside of an echo ho chamber before you know it :P
Hmm you plebs just don't understand how big our Lord and Savior Elon Musk's brain had to be to come up with something so sophisticated and brilliant. This is truly a step in human evolution.
So basically any companies that were using that as a customer support channel — I’m thinking of like, American Airlines, etc… will now no longer be able to help customers via DM? Are DM’s only subscriber to subscriber now?
I’ve never seen someone ham-fistedly destroy a company faster than this fucking guy.
I only use Twitter for sports news and updates that basically don’t exist anywhere else. It would be unfortunate if they destroy the platform with crap like this.