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Lools like the monetization to move away from relying on ads was the right one all along
by ekianjo 3y ago
Lools like the monetization to move away from relying on ads was the right one all along
- clipsy 3y agoThat would require it actually being sufficient to pay the bills, which at present it is very far from.
- ekianjo 3y agoYou have to start somewhere. Since Twitter was so deep in the red for so long anyway they have a mountain to climb
- johneth 3y agoThe reason Twitter's so deep in the red right now is because of the leveraged buyout by Musk. Pre-acquisition Twitter was, at worst, treading water. Musk's mismanagement is what's causing Twitter's current poor financial state.
- 3cats-in-a-coat 3y agoTwitter wasn't in the red. It was roughly break even, with way over half of quarters in past 5 years profitable pre-Musk. You bought a history rewrite peddled by Musk himself. Twitter was never a failing company. It was just a mediocre company. But now... now it's a rapidly failing company, propped up by Musk selling a few billion in TSLA shares late last year.
- 3cats-in-a-coat 3y agoThe monetization currently is bringing revenue less than one percent of their ad revenue. With no signs of improvement. That’s like having to go to work 100 miles away, intentionally crashing your car and going like “well, looks like putting on my running shoes this morning turned out right all along!”
- j4yav 3y agoBut imagine if they could get everyone on Twitter to pay more than $800/mo.
- flir 3y agoOnly Elon Musk can save us from the problems Elon Musk gave us.
- 3cats-in-a-coat 3y agoHis approach is to start giving out empty promises and make false claims about having something he doesn't have, and then the government and gullible investors give him billions. He just tweeted "X Corp investors will get 25% of xAI". You know xAI, the company that has shipped nothing but 3 screenshots of cringe humor. He's looking for investors again. The effectiveness of this approach is starting to run out.