Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow::Elon Musk says that Twitter’s cash flow is still in the red due to a 50% drop in advertising revenue.

    • j4k3@lemmy.world
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      1 year ago

      Billionaires pay the idiots through misinformation to do their bidding. Selling to the idiots is to make yourself king idiot.

  • FuglyDuck@lemmy.world
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    1 year ago

    Musk didn’t buy Twitter to make a profit.

    He bought Twitter to control the conversation.

    • RvTV95XBeo@sh.itjust.works
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      1 year ago

      Musk didn’t buy Twitter to control the conversation, he bought it because his ego was too massive to just shut the fuck up for a minute and admit it was a stupid idea.

      He tried to pull out after he came to the same realization literally everyone had been shouting at him for months but was legally in too deep.

      • FuglyDuck@lemmy.world
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        1 year ago

        It’s an ego thing. he wanted to be cool. Like Myspace tom.

        keep in mind that even at what he paid for it, it’s still not a loss he’s going to really feel. It’s the difference between his grandkids having their own G280 vs them having their own G800 gulfstream.

        • vezrien@lemmy.world
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          1 year ago

          He wanted to pretend to be interested long enough to read Amber Heards DMs and then back out. He didn’t count on Twitter wanting to sell.

      • loutr@sh.itjust.works
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        1 year ago

        I like the theory that he only wanted a reason to sell a large amount of Tesla shares without causing a panic sell.

  • Candelestine@lemmy.world
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    1 year ago

    Huh… I never woulda guessed that might happen. This is frankly, astounding, and extremely newsworthy. Surely there is a great deal we can learn from a deep dive into this doubtlessly extraordinarily complex topic.

  • RocksForBrains@lemm.ee
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    1 year ago

    Looks like advertisers don’t want to be associated with right wing terrorists and pedophiles.

    • The_Nostromo@lemmy.world
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      1 year ago

      Remember when Musk called that cave diver trying to rescue the soccer team a pedo because he called Musk out for how shitty his submarine idea was

  • xavier666@lemm.ee
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    1 year ago

    Oh no, that’s so sad! Anyway, what did you guys have for lunch? I had rice

  • assembly@lemmy.world
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    1 year ago

    He should probably stop cutting 5 figure checks to every MAGA crazy on Twitter then if finances are that bad.

  • ricecooker@lemmy.world
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    1 year ago

    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.

    And now Elon gets to play the same game that every other social network plays. Will be interesting to see how he reacts.