Technology

With the way he's running this, I'm a bit confused as to why he didn't just buy Truth Social directly. Wouldn't have cost him nearly as much.

Remember the 50% number is just what he was comfortable with publishing to the public

We have no reason to believe his public statistics

Wait, the white supremacists and Nazis that he caters to aren’t making up the ad revenue? Well I’ll be!

Maybe.... I don't know, just throwing ideas out there.... you shouldn't have Musked all over Twitter nor fired its core developers? Again, just thinking out loud....

• Your Google search result redirects to Twitter
• you click and open the link
• Twitter asks you to login to see the tweet.
• You close that tab and move on to next search result.

Best way to avoid traffic to your site, then complain about revenue loss from advertisements.

Please don't turn this community into another Musk news ticker.

Weird, users can't access the site, so ad revenue goes down?? Nobody can blame Elon, that's literally impossible to predict. Maybe if he bans users from tweeting more than once a day it will get better?

I'm not waiting to see Twitter fail. I'm just hoping that the federated alternatives for Twitter and Reddit will get more mainstream. And I must say that I'm happy with the way things are evolving at Mastodon and Lemmy.

Hmm maybe putting in rate limits, thus greatly reducing the amount of time people spend on the app, isn't the best strategy for a platform whose main source of revenue comes from advertising?

Elon complaining about this just reminds me that he can afford to lose ~50 billion dollars and still be one of the wealthiest people ever to have lived.

I remember a fellow saying Elon is a very business savvy person, because of his 2 other successful companies, Tesla and SpaceX. I guess ruining communications with potential advertisers on a platform that depends entirely on advertisers wasn't a very intelligent move.

TIL how loooong it takes for a largeish business to die. It's hard to grasp scale I guess. I thought it would be over in months.

I find it hard to believe Facebook is so terribly great. Keep in mind these are not businesses like a grocery store; they're publicly traded and the metric is growth, not profit. (Edit: Twitter is private now no idea how that change is accomplished.)

Truly, I'm hoping they all die.

Go Fasc, lose cash!

Fuck you, Musk. Piece of shit.

And no interest in thinking about why they're down ~50% in advertising revenue.

Of course! It's because of Threads! Don't you guys get it? They stole their secrets!! It has absolutely nothing to do with how things are being run on twitter or because Elon Musk is a genius!!!

…

Fuck Musk and fuck twitter and all that goes with it.

So, we still 50% to go. I believe in you, Elon /s

Aww. That's super duper sad and I am sad for him.

Anyways.

The heavy debt load was caused by his purchase... He paid $26 bn, a couple other investors (including a Saudi prince) together paid $5 bn, the remaining $13 bn is a loan Twitter took out to buy itself on Musk's behalf.

The purchase was always a financial death sentence. Either Twitter steps into line and becomes the propaganda tool he and his old friend Peter Thiel want, then it can have some extra investment, or Twitter dies.

Translation: "I'm terrible at business, and I'm making it everyone else's problem"

Heavy debt load? Where could that have come from.? A leveraged buyout at an overvalued price or something?

Gasp. Who would have thought actively courting Nazis would make risk averse corporations stop using your ads! Poor Elon! Also doesn't help that the site was basic private for a while. I know I never bothered to log in while it was log in only.

Nobody is talking about it, but does that advertising exec that Musk hired for CEO take a massive hit to her career for any of this?

It seems surreal to have a ghost CEO who isn't responsible for anything such a large company does. But that's exactly what's happening here.

Music to my ears

Has he tried not fucking up the platform yet?

On the other hand, I think the people at Tesla/SpaceX are probably very happy that Elon has his hands full with Twitter right now.

why is this man like this

Let’s see: Alienate the users. Fire everyone who knows how to keep the place running. Fill the site with bots and white supremacists.

FA complete. FO now underway.

Good. Fuck em

lol good.

Twitter has/is/was always a cesspit.

Just shut it down already.

50% is just what he's admitting to. Not sure how easily that number can be verified, but if someone told me that the actual numbers were much, much worse... I wouldn't bet against them.