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MicroWave@lemmy.world to News@lemmy.world · 3 years ago

Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

www.cnbc.com

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  • cross-posted to:
  • tech@kbin.social
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Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

www.cnbc.com

MicroWave@lemmy.world to News@lemmy.world · 3 years ago
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73
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  • cross-posted to:
  • tech@kbin.social
Elon Musk says Twitter cash flow is negative due to ad revenue declines, 'heavy debt'
www.cnbc.com
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Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with "heavy debt."
  • RubyDaCherry@lemmy.world
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    3 years ago

    Twitter was good?

    • TenderfootGungi@lemmy.world
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      3 years ago

      It was mildly profitable.

      • somethingsnappy@lemmy.world
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        3 years ago

        Mildly profitable for about 2 years. After 12 years of losses. Then lost money even before the moron bought it.

    • verysoft@kbin.social
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      3 years ago

      I think everyone who thought twitter was bad/hated it just really used it the wrong way.

      All you had to do was follow specific accounts akin to your interest (and probably avoid reading comments) and it was fab. That was the intended use anyway until they started forcing more algorithmic content you didn’t ask for into a new ‘home’ feed.

      It was a fantastic tool for keeping up to date with things you are interested in and there was nothing else like it, still isn’t to that scale.

      If you were browsing trending sections and engaging in comment threads, then you were always going to have a bad time and get bullshit shoved into your face.

    • niktemadur@kbin.social
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      3 years ago

      Twitter was a great space for breaking news, official alerts like weather, earthquakes and tsunamis, for developing election day tallies.
      The “you mean Grimes left the king of SpaceX?” manchild broke all that.

      • Flying Squid@lemmy.world
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        3 years ago

        She left him for Chelsea Manning, which almost makes me believe in karma.

        • CeruleanRuin
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          3 years ago

          You really can’t make this shit up.

    • YoBuckStopsHere@lemmy.world
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      3 years ago

      Early Twitter was good, started going to crap around 2012.

      • BarqsHasBite@lemmy.ca
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        3 years ago

        What happened 2012?

        • YoBuckStopsHere@lemmy.world
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          3 years ago

          https://en.wikipedia.org/wiki/2012_United_States_presidential_election#:~:text=Obama won 332 electoral votes,a smaller popular vote percentage.

      • Teh@sh.itjust.works
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        3 years ago

        Eh, I’d say earlier than that. Twitter was pretty much trash by 2010 in my book.

    • liontigerwings@lemmy.world
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      3 years ago

      There were some paths to profitability, then there’s what Elon decided to do.

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