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Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow
(www.phonearena.com)
I love wholesome stories like this.
this post was submitted on 16 Jul 2023
261 points (97.5% liked)
Technology
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LOL! I had to screen shot this response. Thank you, I needed that laugh! π€£
I've read this headline a dozen times today and everytime I smile.
I didnβt know I needed this word, but I definitely do.
German has a word for everything. And if it doesn't, just mash a few other words together and make a new one!
Someone found out.
I hate that even more people are going to lose jobs and Musk will still be disgustingly rich.
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.
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 canβt quit without risking their ability to stay in the country.
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.
Maybe doubling down will help . . . Getting this platform to disappear 100%!
Good one. No risk, no reward, right?
Musk uses "piss off users".
It hurt itself in the confusion.
Canβt wait to read takes on why this is actually a genius move
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, β¦ 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!
stuff like the Arab spring
Would explain why the Saudis gave money to Musk to buy Twitter.
Huh that's the first time I've heard that.
Not disagreeing but does someone have some sweet and juicy sources? Would love to look into that.
Sucks to suck
No way!
good
Well well wellβ¦.. Looks like someone found out. Lol
Happy news!
Oh no.