nuff said
Remember the 50% number is just what he was comfortable with publishing to the public
We have no reason to believe his public statistics
Indeed. Elon is a pathalogical liar.
Why would he tweet about his losses in the first place? I applaud his openness (/s) but I doubt any investors or advertisers will come running to a dying social networking.
He thinks it gives him an excuse to escalate his erratic decision-making.
I think it’s either better than 50, or he expects it to be better shortly so when he says it’s 40, he can celebrate how good he did for the +10.
If your losses are at 80% and you tell everyone they’re at 50% you can try to spin the story in your favor.
What does he has to gain in lying anyway? It’s not like he cares about what investors think since Twitter is now a private company owned by him.
He’s a pathological liar. He doesn’t gain anything from it
You’re painting him like he’s a super villain, that’s pure hate for him. Why?
Has Elon musk done a lot recently to earn your trust and support?
100% of the ads I see on Twitter today are dropshipping scams, while in the pre-musk era they were highly targeted to my job and interests to the point that if there wasn’t the “ad” tag I couldn’t distinguish that.
They can’t cost the same for the advertiser, a generic dropshipping scam that targets everyone must be cheap
Wait, the white supremacists and Nazis that he caters to aren’t making up the ad revenue? Well I’ll be!
I’d imagine the sort of companies willing to advertise towards their ilk are also the types not willing to pay much for it either. Not like typical ad networks like Google’s pay much to begin with lol
- Your Google search result redirects to Twitter
- you click and open the link
- Twitter asks you to login to see the tweet.
- You close that tab and move on to next search result.
Best way to avoid traffic to your site, then complain about revenue loss from advertisements.
medium started doing the same shit, sometimes it has interesting articles I’d like to read, but then they started putting in behind registration so I just no longer open medium links.
Hell, medium should be paying me to read them
Honestly my wild guess is that he’s trying to make Twitter profitable from subscription based services and not so much from ad revenue.
Can’t really have free speech if platform depends on advertisers and investors.
He doesn’t really care about free speech. Just his opinions. (He is shadowbanning Ukrainian accounts btw)
Which accounts?
- *changes URL to nitter.net*
Didn’t work when they blocked non-registered visitors.
It is working now though, the login restriction on the official Twitter website is still in place
Oh damn, I did realise it’s working again a few days ago, so I just assumed Twitter is open too.
Step 3: Profit!
+++
I’m not waiting to see Twitter fail. I’m just hoping that the federated alternatives for Twitter and Reddit will get more mainstream. And I must say that I’m happy with the way things are evolving at Mastodon and Lemmy.
That’s actually a better outcome, quarantine the crazies in twitter and/or reddit while the mainstream happens in the fediverse.
The mainstream ARE the crazies now, though. The outliers, and only some of the outliers, are sensible, smart people.
That’s a sad commentary of our society as a whole. :( but still, the optimist in me wishes it were reversed.
Im pretty bummed Blue Sky chose to write their own protocol. Many of my friends who are not techie chose to go there rather than learn the fediverse.
deleted by creator
TIL how loooong it takes for a largeish business to die. It’s hard to grasp scale I guess. I thought it would be over in months.
I find it hard to believe Facebook is so terribly great. Keep in mind these are not businesses like a grocery store; they’re publicly traded and the metric is growth, not profit. (Edit: Twitter is private now no idea how that change is accomplished.)
Truly, I’m hoping they all die.
and the metric is growth
No, not really. The metric is growth only for those who aren’t profitable. They use growth as a promise of future profits.
Meta/Facebook is turning in a huge profit each ear. Nobody cares about the user count that much anymore unless it sharply falls.
Twitter is different. Twitter didn’t really make a profit yet. They aren’t profitable.
Meta is pumping ungodly amounts of money into a moon shot (VR) because it is in stagnation phase and their market is saturated - so they do care about growth quite a bit.
We were talking about growing the userbase. Growth of the business is something different. Of course any company is interested in growth. However, I don’t think usercount growth is the metric Facebook is looking at currently.
Look at Amazon. The cloud division is now more profitable than the Amazon website. Facebook is looking to use those large profits to branch out in different directions. Some like the metaverse won’t work. Just like Amazon’s echo didn’t become profitable. But others eventually will.
If your business relies on the size of your userbase than those things are quite related. Again, not a coincidence that while facebook is stagnating meta is desperately trying to force vr.
It’s doing double digit billions in profit every year. Both Facebook and Meta. They’re actually doing quite all right even with the VR fiasco.
And even iftheir only possible growth vector was user count(which it isn’t), they have close to 3 billion active users monthly with over 2 billion people using Facebook daily. It is impossible to grow. There are no more people.
Musk crumpled the cashflow pretty quickly in weeks, but he also has a lot of wealth, he had to chip in billions of his own dollars to save the company from his mistakes.
Musk wasted a shitload of money to make it private. Twitter is wasn’t even close to being a net neutral business, was downright a hole of money the investors kept feeding because well, it’s Twitter.
Musk bought the brand, he was well aware that this was going to happen.
Right. I wonder, now, if he had any idea what he was doing. Not to argue with you. His fuckups are just so weird here. If he wanted it “off” he could have been a lot more effective. He just looks like a fool and not one decision looks intentional. It is interesting though. A very slow motion car crash… I assume the bridge abutment or cliff is in front of him somewhere.
Elon complaining about this just reminds me that he can afford to lose ~50 billion dollars and still be one of the wealthiest people ever to have lived.
He’s below his height of wealth, but he’s still #1 and has 250 billion
Of course! It’s because of Threads! Don’t you guys get it? They stole their secrets!! It has absolutely nothing to do with how things are being run on twitter or because Elon Musk is a genius!!!
…
Fuck Musk and fuck twitter and all that goes with it.
Hmm maybe putting in rate limits, thus greatly reducing the amount of time people spend on the app, isn’t the best strategy for a platform whose main source of revenue comes from advertising?
I think there is like a 1% chance rate limits were an actual thing. It really feels like someone fucked something up, caused the issue and the “rate limits” were how Elon decided to try and play it. Then “increasing” the limits multiple times to completely illogical values was the system slowly coming back up. Elon increasing that limit makes him look like he is listening to the users and thus the good guy.
I have not seen anyone complain about rate limits since the day it happened. Other than jokes has anyone seen or heard of the issue?
I would say a company suddenly introducing a major policy change like view limits with no warning is beyond stupid but then again it is Elon who seems to believe he is God’s gift to tech.
Yup it’s been real. https://www.piquenewsmagazine.com/must-reads/bc-government-hit-tweet-limit-amid-wildfire-evacuations-7268169
The rate limits are because serving such a service at scale without the user noticing requires continuous innovation to get through scale bottlenecks; but with the engineering team greatly reduced, a lot of that work isn’t happening anymore. Typically, you’d get through those bottlenecks by coming up with some heuristics that make it seem like the service is doing a ton, when really it only needs to do little (like by sharding data, or by pre-caching a bunch of stuff). Without anybody to work on those heuristics to fake things, you gotta restrict with real restrictions.
Source: that’s what I do for a living. I’ve been working on some of the highest-scale services out there for over a decade.
Sure, but how else is Elmo going to keep Amazon and Google from suing him for nonpayment? Geez man, use your noodle.
And no interest in thinking about why they’re down ~50% in advertising revenue.
Didn’t you know? Acknowledging any cause would be censorship /s
I still think the “saudi’s paid elon to nuke it” was a solid conspiracy theory.
deleted by creator
Not losing money, just having “negative cash flow”.
deleted by creator
So, we still 50% to go. I believe in you, Elon /s
Aww. That’s super duper sad and I am sad for him.
Anyways.
On the other hand, I think the people at Tesla/SpaceX are probably very happy that Elon has his hands full with Twitter right now.
lol good.
Twitter has/is/was always a cesspit.
Disagree, when Twitter first came about it was actually possible to connect with people around specific topics, and was originally mostly random celebrities, news/journalists, and tech nerds. It was a very different vibe in my experience.
Music to my ears
