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Comment by thierrydamiba | Hacker News Reader

I was under the impression Twitter was doing well. What makes you say this?

Twitter's daily active user numbers have been in decline since the takeover.

https://mashable.com/article/twitter-x-daily-active-users-dr...

It feels this way. I feel like I see the same 10 people who are talking about building and being a 10x developer but have 100k tweets and probably liked by the same 1000 accounts, 20% of them being bots.

Oh man the hustle culture bros! They tweet so much, aren't they supposed to be leveling up? Maybe its the new form of procrastination!

On Twitter, I never use to get spam DMs but now it is a daily occurrence. I never blocked anyone over 10 years but now I am blocking multiple people per day. I used to never see anti-semitic content, but now I run across it regularly (even though I don't follow similar accounts). I still enjoy interesting discussions on crypto and genAI tech/trends but that is probably not a broad enough audience to be sustainable for Twitter/X.

Advertisers leaving. https://www.nytimes.com/2023/11/17/technology/elon-musk-twit...

Given the amount of counter examples in other comments - what makes you think Twitter is doing well?

They have lost most of their advertisers and serious users, because content has been driven into extreme corners. The platform is now full of bots, scammers and problematic opinions on the political spectrum. Latest I heard, they value of the company has gone down to less than half of what Elon bought it originally.

The only who are doing well on Twitter are crypto-scams, Nazis and trolls. But it seems Elon is now in those bubbles active, so maybe that was the intention all along?

So what Twitter competitor has everyone else gone to?

I don't know overall, but most of the people I know who stopped using Twitter didn't replace it with anything.

I mean, I used it about 30 mins/day before, now it’s like 10 or less. Personally haven’t felt the need to find a Twitter-replacement, you just do other stuff more, I guess? It’s like dropping a hobby. You don’t replace it with an exact replica, it just wears off.

Discord, Patreon, Substack, etc

Maybe, finally, everyone just went outside.

They were a startup, but now they are a medium sized business with website that burns cash.

Are they still operating red? Got a source?

does it still burn a lot of cash? I'm not super following, but since it's x 90% of employees were let go, no9

Perhaps savings from payroll were offset by loan repayments.

They let go of the advertisers too though. 8chan doesn't have a lot of employees either.

assuming the horrendously low quality ads and loss in traffic, yes

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