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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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.

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[-] TheCelticPirate@lemmy.world 151 points 1 year ago

Good thing he didn't go woke or else Twitter would be going broke. /s

[-] j4k3@lemmy.world 35 points 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 60 points 1 year ago

Musk didn’t buy Twitter to make a profit.

He bought Twitter to control the conversation.

[-] RvTV95XBeo@sh.itjust.works 107 points 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 19 points 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 10 points 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 13 points 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.

[-] lapommedeterre@lemmy.world 4 points 1 year ago

Try, but seems to be failing at it. Also probably checking out everyone's DMs.

[-] Candelestine@lemmy.world 43 points 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 31 points 1 year ago

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

[-] The_Nostromo@lemmy.world 3 points 1 year ago* (last edited 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 30 points 1 year ago

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

[-] mhz@lemmy.world 6 points 1 year ago

A tacos most likely, I will know in the next 30min

[-] xavier666@lemm.ee 1 points 1 year ago

Don't make the taco too spicy. The feeling in the toilet is worse than Twitter's negative cash flow :(

[-] daanzel@lemmy.world 6 points 1 year ago

Ordered a subway sandwich, ate the whole thing, now in regret..

[-] Kodemystic@lemmy.kodemystic.dev 2 points 1 year ago
[-] geissi@feddit.de 3 points 1 year ago

Just bread? I had noodles.

[-] Silviecat44@aussie.zone 2 points 1 year ago

I had a peanut butter and banana wrap (I was ay home, it was convenient) . Did you have anything with the rice or was it just plain?

[-] xavier666@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

Rice with chicken curry. One of the most delicious combinations which will never get old.

[-] HardlightCereal@lemmy.world 1 points 1 year ago
[-] drturtle@lemmy.world 18 points 1 year ago* (last edited 1 year ago)

Has he tried firing all the employees? I hear that helps with cash flow. /s

[-] LEDZeppelin@lemmy.world 13 points 1 year ago

What happened Elon? Did you forget to let all the lunatics loose and call it FrEe SpeEEeeEcH?

[-] Captain_Patchy@lemmy.world 12 points 1 year ago

And exactly who's fault IS that drop, elrod?

[-] markr@lemmy.world 10 points 1 year ago

The problem is obviously the Woke mind virus.

[-] DarthDarthBinks@lemmy.world 12 points 1 year ago

So we can assume reddit will go down the same road

[-] assembly@lemmy.world 11 points 1 year ago

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

[-] xc2215x@lemmy.world 11 points 1 year ago

Advertisers don't want him to pay extreme right wingers most likely.

[-] rageagainstmachines@lemmy.world 11 points 1 year ago

Burn it all down

[-] ricecooker@lemmy.world 8 points 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.

[-] ClarissaXDarjeeling@lemmy.world 8 points 1 year ago

whoopsidoodle!

[-] cpo@lemmy.world 6 points 1 year ago

I wonder why that is.

🙄

[-] guccidane@lemmy.world 3 points 1 year ago
[-] xavier666@lemm.ee 1 points 1 year ago
[-] Elephant0991@lemmy.bleh.au 2 points 1 year ago

@remindme@mstdn.social in 1 week

[-] Gingerlegs@lemmy.world 1 points 1 year ago

No, you are. Jackass lol

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this post was submitted on 16 Jul 2023
375 points (96.5% liked)

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