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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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It's impressive how quickly and severely he fucked up what was once a successful tech giant!
I disagree. Twitter was already going under even before he took over. In fact, it was doomed from the beginning as one of the uber era "grow valuation, think about revenue later", hoping to exit someday by selling it to some rich megalomaniac, and actually, they're the ones who succeeded.
and now he's doing the same grift with bluesky
I think twitter is artificially 'failing' because of meddling by influential special interests. It is being shunned by some advertisers because he won't bend the knee to the ESG tyrant bankers.
well, it was actually about ready to start breaking even, and even paying off some debt. there was a path to profitability with twitter, but it was tenuous at best.
king of the idiots was forced to by it, saddling it with so much dept that that profitability dream was over the moment he became involved.