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Advertising revenue in Twitter crashes by 50% (lemmy.world)
submitted 3 years ago by to c/technology@lemmy.world
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nuff said

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[–] 21 points 3 years ago (4 children)

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.

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  • [–] [S] 16 points 3 years ago (3 children)

    He bought the users. Elon knows that people are lazy and will not change websites.

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  • [–] 10 points 3 years ago (2 children)

    -50% ad revenue says otherwise

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  • [–] 3 points 3 years ago (1 child)

    Twitter could have 200% more users, if no one want to show them ads, then ad spots will be dirt cheap. Printing 5 millions of 1cent ads vs 1 million of 10cents ads is not the same. Both on income and expenses...

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  • [–] 2 points 3 years ago (1 child)

    This, so much this. I also find it rather coincidental that fb cam out with threads soon after the twitter implosion. Opportunistic feasting on a dead carcass perhaps?

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  • [–] 3 points 3 years ago (2 children)

    Twitter has been on the outs since musk bought it. If Facebook was smart they'd have started right then.

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  • [–] 1 point 3 years ago (2 children)

    Threads still doesn't have #hashtag searching IIRC. It's missing a huge number of features. It's clear that they only came out as early as they did because they saw an opportunity to eat Twitter's lunch.

    They really needed a few more months of dev time.

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  • [–] 1 point 3 years ago

    Bluesky is the same way. There are a lot of features there that still need to be implemented.

    I’m glad Masto at least has hashtags and video and gifs and editing. For me right now it has the best features and the best experience. I’m pretty happy with it.

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  • [–] 1 point 3 years ago*

    Considering development time, server setup, testing time, etc… They probably did. It probably took several months to develop, deploy, integrate with the rest of their systems, and test. And then it’s simply a matter of waiting on Musk to do something stupid before they announce the launch, so all the freshly spurned users are happy to switch.

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  • [–] 1 point 3 years ago

    Most people I know that use Twitter did leave it because they can no longer use the platform. They used it to promote their work and get new clients, which through a series of changes is basically impossible now.

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  • [–] 2 points 3 years ago (3 children)

    I'm still convinced there is money coming in from an outside influence that is paying him to destroy Twitter, and I wouldn't be surprised if the same thing is happening to Reddit as well

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  • [–] 2 points 3 years ago* (1 child)

    Let's be honest Elon doesn't care about Twitter.

    He bought it with money he doesn't have. He only increased in net worth since the takeover and has successfully done what he wanted to, destroy an organization he thought was problematic and now everyone gives even more data to Facebook.

    Everyone of them won.

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  • [–] 2 points 3 years ago

    I think part of it is his own hubris through. His head is so far up his head by now that he though he knew better. It's the same reason why Super Heavy destroyed itself on first launch. He thought he was smarter than his engineers and forced them to go without a proper launchpad.

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