It doesn’t help when someone like Elon is chasing away advertisers with so much success.
With the layoffs they’ve had I wonder how net profit etc are going to shape up.
Since Twitter is now private a lot of numbers and finance info is going to be just hearsay and rumors… but things almost certainly can’t be going well.
Is that obvious? Didn't they fire way more than 40% of the workforce? Presumably that was the biggest expense, so they should be much closer to profitable now than they were before.
https://www.theinformation.com/articles/musk-delayed-paying-...
Amazon is retaliating by not paying their Twitter ad bills, which seems like the kind of thing that can be effective against the Trump-Musk school of business operations.
Or an effective way of killing Twitter, losing their money and a customer forever.
Amazon can afford to play a patient game of tit-for-tat.
I don't assume that. ;-)
"Twitter sales and marketing staff were told by their colleagues that Amazon had threatened to withhold payment for advertising it runs on Twitter". My experience with sales and marketing staff at virtually every company I've ever worked is that they are morons.
I simply don't believe that AWS would allow this to continue without shutting them down. There's no way a contract allows for them to rack up bills like this.
The comment you're replying to features the "Trump-Musk" line, which is strongly indicative of an incredibly biased person whose allowed politics to hijack their brain. Comparing Musk to Trump is just absurd.
> In an update to investors, Twitter reported a decline of about 40% year-over-year in both revenue and adjusted earnings for the month, the people said.
If adjusted earnings are down 40% - which is a non GAAP way of measuring profit and usually more aggressive - Twitter is much further away from being profitable than it was pre-Musk.
I assume you are correct thought and they are on that path.
What are you basing this on?
It's a business decision if you want to keep spending your advertising dollars on Twitter, and if for whatever reason the ROI is not there anymore, then you drop your advertising budget. Why is the ROI not there anymore? You have to ask.
Usually because Reddit and Facebook actually act on public outrage and close down hate groups.
The changes were quickly rolled back to put safeguards and new check marks in place, but by that point a lot of advertisers had already decided to freeze their spending or even stop their campaigns.
The wave of un-bans also didn't help. A screenshot was circulating of an Erasmus (student exchange program) ad appearing right under the tweet of a freshly un-banned Nazi, raving against some minority group.
I doubt the woke activism made a big difference.
I legitimately had no idea what the answer was, simply asked the question, but apparently forgot that anything Twitter related attracts the axe grinding crowd on here.