1122
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Jul 2023
1122 points (89.4% liked)
Technology
59982 readers
2324 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
I'm not saying it wasn't profitable. It's a hell of an achievement that it was.
Just that they took on a lot of investment capital and it wasn't the kind of return that investors were expecting.
Ultimately, the efficacy of social media advertising on the whole is in the decline. The number and types of companies that used to advertise and run their business on Facebook is so different today than it was five years ago, and business are seeing far less return for their budget.
Twitter was riding a knife's edge (particularly during COVID) and would have to really scramble to stay in the red in the future.
Did you mean stay in the black?