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Advertising revenue in Twitter crashes by 50%
(lemmy.world)
nuff said
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this post was submitted on 15 Jul 2023
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Technology
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Heavy debt load? Where could that have come from.? A leveraged buyout at an overvalued price or something?
No, a lot of this debt is debt that Twitter already had.
Edit: Factual corrections.
No, it isn't.
So facts doesn't really matter because I'm interested in Tesla? That's your argument? Twitter had about $7.1 billion in debt before Elon Musk bought it. When Elon Musk bought Twitter, he took on an additional $13 billion in debt to finance the acquisition.
Edit: The simple fact that people are downvoting me for telling the truth honestly says a lot about the state of Lemmy and some of those who migrated here. I had higher hopes for this place, but Im afraid it has become an echo chamber-circle jerk for bitter, non-factual conversations, where people downvote and attack instead of engaging in honest conversation. As for why I moderate that sub, it's primarily because I'm trying my best to recreate the Reddit experience here on Lemmy, in order to assist with the migration. When I joined, that sub didn't exist on Lemmy, so I had to create it myself - hence, why I'm a moderator. I appreciated the content that sub provided on Reddit, so I aim to offer that experience to those who migrate. I also post on other subs where the topics are relevant. This witch hunt is absolutely ridiculous and detrimental to making Lemmy a more welcoming and improved place compared to Reddit.
If the entire world tells you that water is wet, it's not a mob mentality drummed up by Big Hydro.
So if im telling factual information about twitters debt situation and get downvoted into oblivion that makes it not true? Is this your logic?
It simply calls into question how factual your facts are.
Call me out on my facts. What part about it do you have an issue with?
I honestly don't care enough to engage further with your bullshit.
and what is the bullshit?
I think being upset about downvotes says a lot more about you than anything else. After all if lemmy is such a loss in your eyes, why bother with such a hugely descriptive and defensive edit. Why not just leave.
Because I belive ln a better future for Lemmy. I will not be dictated by this mob mentality.
Being upset about downvotes and ranting about the lemmy atmosphere seems in opposition to what you're saying, but ok. Good luck with that
If you can't see that this mob mentality of attacking users instead of addressing their key points in an argument is detrimental to the platform than we are not heading anywhere productive. Lemmy will simply be reduced to an echo chamber of older users who don't accept or are even willing to engage in honest argumentation.
Comparatively to all other social media? lol no, not even close. I haven't seen this mob mentality of attacking users at all. Unless you're just talking about upvotes and not dialogue? Lemmy overall is super chill, very friendly and theres a tons of interesting, intelligent conversations going on. Is there an asshole comment every now and then? Of course, because assholes exist. Thats always bound to happen. I've been browsing every community on all, and I go through the various sorting types since active and hot are a bit buggy. Maybe its the areas you're hanging out in? I have seen people freak the fuck out over downvotes though, a couple of times. Reddit has/had really fucked with a lot of peoples ways of thinking in regards to social media voting systems.
To a certain degree I agree with you. But, if you don't follow the narrative, things are quite different. An example of this is the prevalent anti-Elon narrative. Even pointing out nuances will result in you being brigaded.
...I'm sorry that no one likes the thing you like, I guess? What do you expect me to say? Sorry most people see your fav as terrible? If it really bothers you that much either a) leave lemmy or b) be the change/ignore the haters. What are you even comparing this to? Reddit? Twitter? Because like I said, comparative to all other social media lemmy is pretty fucking great. It's beginning to sound more like you just enjoy complaining at this point.
Lemmy has potential but it's not good when pointing out nuances will get you brigaded. Hating or loving Elon isn't really the point as I'm interested in discussions that seek to be as truthful as possible. Just see my comment history and you will see what I talk about.
But honestly why do you want me to leave?
I don't actually, stay or go its cool with me. Your comments just seem like you want an excuse to leave (or an excuse to complain?). Cheers
We may not agree on everything but thanks anyway for engaging in discourse.
Cheers to you as well.
No problem, I hope you find the community vibe you're looking for.
edit: and I do mean that sincerely, not sarcastically.
Lemmy is the future. Most of the subs are chill as you say. I've just got a niche interest in a car Company that has a CEO that shouldn't tweet or say so much stupid shit. You seem pretty chill as well, hope you have a great weekend.
Thanks, you too!
probably both. twitter was never profitable afaik, the whole idea was to have either some rich moron or (more likely) a megacorp buy it and everyone who contributed would get a fat final paycheck. but the way musk handled things definitely didn't help either.
I just want to point out the idea that these companies not being profitable is bullshit. It just means they've moved money that would be profit into some other place and now they can call it something other than profit.
Got $100k extra profit? Pay it all out as bonuses to your executives, now that $100k is an expense instead of profit.
on the surface level, makes sense, yeah. but twitter hosts video, that stuff isn't cheap -- hell, even images aren't cheap and twitter has piss poor ad integration and a meaningless subscription that they made pretty much as uncool to buy as possible. hosting a platform that size is hella expensive.
https://mashable.com/article/twitter-profitable-earnings-2017-first-time
it was profitable at least at some point
Mission accomplished!