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Originally Posted by machinegunkelly
Its very simple.
Lots of blue checks at $8 per.. your article doesnt even mention how that may offset advertising revenue at all.
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That's a Forbes article. I think they know what they're talking about.
And I doubt it's that simple.
Sales are down 60%, hate speech and bigots run the show, advertisers are leaving because companies don't want their ads sandwiched between posts by conspiracy theorist and a racist. And you think that's going to make people want to PAY to be on Twitter, especially when it's always been free?
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Originally Posted by machinegunkelly
He wants to change the model, and you're too dumb to get it.
Being ad funded means the advertisers run the company.
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Maybe you're too dumb - or brainwashed - to get it?
Musk Admits Twitter Faces Big Problems
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In a Twitter Spaces on Monday, Musk admitted to the company's severe financial challenges. “Half of our advertising disappeared overnight because we’re insisting on free speech… they’re literally trying to drive Twitter bankrupt,” he said.
But Musk fails to take responsibility for driving advertisers away. After he acquired the company in 2022, the billionaire not only slashed the company's headcount by a whopping 69%, he also reinstated accounts that Twitter had previously banned because they posted racist, anti-Semitic, hateful and misogynistic comments.
The company has allowed offensive tweets to remain, drawing ire from users of the platform.
Advertisers have extremely unhappy with the recent changes made to Twitter. They have fled in droves, fed up with the problems that multiplied after Musk took over the company.
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And there's more:
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The company's ad revenue continues to plummet. From April 1 to the first week of May, Twitter generated only $88 million in ad sales, a large decline of 59% from the same period in 2022, according to The New York Times.
Ad sales at Twitter each week often miss what executives have projected - the declines tally up to 30%, the NY Times said.
Both former and current employees at Twitter said they do not believe revenue will rise soon since advertisers may not like the increase of ads containing cannabis products and online gambling as well as more pornography and hate speech in tweets, according to the report.
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Musk, who had never run a social media company before the acquisition, removed the safeguards limiting the spread of misinformation, racism and antisemitism as well as hateful content on Twitter.
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