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Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt

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Elon scared half the advertisers away and a large chunk of the users. And a large part of the far right user base had already migrated to one of the alternative fascistic echo chambers where they can talk about Hilary Clinton and George Soros to their heart's content.

10 ( +11 / -1 )

Musk says Twitter is losing cash because advertising is down

...and advertising is down because the idea of right-wing social media isn't appealing to anyone. It's why all right-wing social media networks never gain any traction, and even this one that had all the traction, lost it in less than a year. Basically, society things right-wingers are losers (which is why they are losing non-rigged elections world-wide), and have no interest in interacting with them. So these networks end up as an echo chamber of loser extremists all tweeting at each other.

6 ( +8 / -2 )

Twitter was always a non-profitable company the way it was run, and the fact that Musk had to buy it did do one thing and that is expose the company for what it was doing when the social media platform became an extension of the Democrat party and used its powers to silence opposition, and most notably, the dissent and questioning the controversy vaccine, the pros, cons and side effects, any other dissenting opinion was silenced and in many cases people’s accounts were silenced made difficult to find or banned. Conservatives were the primary target, the suppression of free speech, the silencing the former President and then anyone else the big heads at the company felt that should be silenced.

https://thehill.com/blogs/pundits-blog/media/303295-how-facebook-twitter-are-systematically-silencing-conservative/

If anything, we now know for sure that Twitter was weaponized to silence opposition from the right, whether it’s the former president or comments fact and details about J6. The country is still center-right and conservatives still hold significant power in the US this is why there’s an explosion on YouTube of conservative channels and growing. There are two sides to a coin and neither side can claim to have a monopoly on it. Had Musk not purchased Twitter we would have never known how bad and sinister the company was for silencing attacking conservatives.

https://nypost.com/2022/12/08/suppression-of-right-wing-users-exposed-in-latest-twitter-files/

I don’t think neither side should be silenced, of course these companies are all private and they can run it as they like, but I think all sides should be equally allowed to opine when it comes to the first amendment and as a true capitalist, I love competition, it brings out the strength of the nation and Zuckerberg created a new social media platform, and there are reports he’s already silencing and censoring people, so I think the gauntlet has been thrown and people in a true democracy can decide for them whether they want to signup to a platform that silences anyone or any political leanings it disapproves of or go with other that will allow you to express your first amendment rights. People should choose.

https://flipboard.com/article/meta-s-threads-app-already-facing-backlash-for-silencing-conservatives-days-af/f-3d398a311c%2Ffoxbusiness.com

-5 ( +2 / -7 )

If anything, we now know for sure that Twitter was weaponized to silence opposition from the right, whether it’s the former president or comments fact and details about J6.

Nah, that turned out to be a nothingburger. Just more hysteria by the people who believe in Q, and that Trump won in 2020. No one of intelligence, who is living in the real-world.

6 ( +9 / -3 )

IMHO, Musk's neutral town square mindset is totally incompatible with advertisers modus operandi who are mostly relying on consumers' insecurities to generate profit.

You can't be well informed AND spend recklessly at the same time.

He was onto something with alternative revenue channels....Twitter need more of it.

I am a contributor to an open source project (not coding, just documentaion, man pages etc.) and we use twitter dm extensively, I have no issues paying a few dollars for say 100 dms, it's such a useful tool to communicate in groups.

0 ( +2 / -2 )

I am a contributor to an open source project (not coding, just documentaion, man pages etc.) and we use twitter dm extensively, I have no issues paying a few dollars for say 100 dms, it's such a useful tool to communicate in groups.

Why pay Twitter when there are free, non-extremist alternatives?

6 ( +8 / -2 )

Nah, that turned out to be a nothingburger.

Not really at actually, it validated and contradicted Twitter execs who were lying through their teeth for 2 years claiming they weren’t being biased at and then finally got caught by their own words and subsequent admission that they did lie.

https://nypost.com/2022/12/09/twitter-and-democrats-lied-about-censorship/

https://thepoliticalinsider.com/latest-twitter-files-bombshell-show-twitter-execs-lied-to-congress-about-shadow-banning-conservatives/

Why pay Twitter when there are free, non-extremist alternatives?

Well, you could go over to the free sites that censors free speech and dissent (which is in itself as radical as you can get) and don’t care about profit margins. In the US we do have options.

-3 ( +4 / -7 )

Not really at actually, it validated and contradicted Twitter execs who were lying through their teeth for 2 years claiming they weren’t being biased at and then finally got caught by their own words and subsequent admission that they did lie.

Yeah, that's the nothingburger the right-wingers keep bleating. Thing is though, it's a nothingburger. That's why it fell apart instantly and went nowhere - there was nowhere to go.

It's why no People of Intelligence have supported the theory. Literally not a single one.

3 ( +5 / -2 )

Twitter is now worth one-third of the price Musk paid for it.

8 ( +8 / -0 )

Twitter is now worth one-third of the price Musk paid for it.

Has any other company ever lost that much value in less than a year, ever?

Or has Musk won at being the best failure ever?

6 ( +7 / -1 )

Twitter is Musk's biggest mistake.

5 ( +6 / -1 )

Has any other company ever lost that much value in less than a year, ever?

Has any other company lied about it’s subscriber base and how many bots it has?

Or has Musk won at being the best failure ever?

Not really.

https://www.businessinsider.com/twitter-linda-yaccarino-elon-musk-exterminate-bots-2023-6

-7 ( +1 / -8 )

Threads is the new guy on the block. 150 million members.

4 ( +4 / -0 )

Musk is hoping to get some ad revenue in July.

3 ( +3 / -0 )

Has any other company lied about it’s subscriber base and how many bots it has?

Facebook, but they're not losing money like Twitter.

What is it you suppose makes Musk so inferior to Zuck at running social media companies?

3 ( +4 / -1 )

We never hear about Trump's Truth anymore. 1.7 million members.

6 ( +6 / -0 )

We never hear about Trump's Truth anymore. 1.7 million members.

I read the other day it hasn't even been able to take in $2 million in advertising since starting.

It's got the same problem as all right-wing extremists platforms - no one likes extremists, so it just ends up with a bunch of angry people yelling into their echo chamber, but without any libs there to own, they get bored. So even the extremists don't like the extremist platforms. Except when they are organizing coups of course, then they love the extremist platforms.

4 ( +5 / -1 )

We never hear about Trump's Truth anymore. 1.7 million members.

I don’t hear much about msn, but they’re still around.

Facebook, but they're not losing money like Twitter.

We are not talking about Facebook.

What is it you suppose makes Musk so inferior to Zuck at running social media companies?

Is that what some on the left think? If censoring and silencing free speech particularly certain groups and the dissent of that is the equivalent of being superior, we are in serious trouble as a society.

-7 ( +1 / -8 )

It's got the same problem as all right-wing extremists platforms - no one likes extremists,

Except on the left???

so it just ends up with a bunch of angry people yelling into their echo chamber,

Like the Young Turks or the View, msnbc…

but without any libs there to own, they get bored.

CNN is lib central, they never fixed their boredom.

So even the extremists don't like the extremist platforms. Except when they are organizing coups of course, then they love the extremist platforms.

I guess that answers my questions about threads.

-7 ( +1 / -8 )

I guess that answers my questions about threads.

Heh, Threads that is stealing all of Twitter's traffic? MMkay....

3 ( +4 / -1 )

bass4funk

   We never hear about Trump's Truth anymore. 1.7 million members.

> I don’t hear much about msn, but they’re still around.

MSN attracts 350 million unique users worldwide per month. With localized versions available globally in 34 markets and 18 languages,

Is that what some on the left think? If censoring and silencing free speech particularly certain groups and the dissent of that is the equivalent of being superior, we are in serious trouble as a society.

if Trump's Truth network supports free speech why so few members?

5 ( +5 / -0 )

Who determines that legally, morally and constitutionally?

Clearly not right-wing extremists!

Well, if that were true then Zuckerberg wouldn’t have needed to make a new platform to do what Twitter used to do and that’s silencing people.

Heh the good ol' "but libs" counter-argument that no person of intelligence has put forth ever.

4 ( +5 / -1 )

if Trump's Truth network supports free speech why so few members?

Oh, I can answer this one! It's because society things right wingers are total losers.

5 ( +6 / -1 )

MSN attracts 350 million unique users worldwide per month. With localized versions available globally in 34 markets and 18 languages,

Well, good for them. I don’t hear about though, not that I care, but look people have the right to view and consume what they want.

if Trump's Truth network supports free speech why so few members?

I don’t know, don’t care, don’t lose sleep over it, I’m on there and other platforms, as to what and how many their subscriber base is, doesn’t interest me in the slightest. Kind of like back in HS when boys would ask each other who is more endowed….I mean..ok…lol

-7 ( +1 / -8 )

if Trump's Truth network supports free speech why so few members?

I don’t know

It's because people think right-wingers are losers.

5 ( +6 / -1 )

Oh, I can answer this one! It's because society things right wingers are total losers.

Then if that were so, the Dems would have retained the House.

Clearly not right-wing extremists!

Nor leftist radicals

Heh the good ol' "but libs" counter-argument that no person of intelligence has put forth ever.

A coin has two sides.

-7 ( +1 / -8 )

Heh, are we pretending you didn't absolutely predict there would be a Red Tsunami?

And the Dems lost the purse.

Of course, you also still push the big lie that Trump won in 2020....

I don’t push anything, I just won’t allow the left to tell me how or what to think that’s all.

>

-7 ( +1 / -8 )

Why pay Twitter when there are free, non-extremist alternatives?

It's free currently, but I don't mind paying for it because it's useful.

-2 ( +0 / -2 )

It's free currently, but I don't mind paying for it because it's useful.

Even with free alternatives?

Nothing ideological there.

4 ( +5 / -1 )

Trump's Truth Network is bankrupt. The walls are closing in. Trump lost $700 million.

7 ( +7 / -0 )

Trump's Truth Network is bankrupt. The walls are closing in. Trump lost $700 million.

It will be interesting to see which fails in a shorter period of time - Truth Social, or Twitter under Elon.

We'll know in a year or so I'm sure.

7 ( +8 / -1 )

Advertisers pay for sites that have traffic. That's a problem for Musk and Trump:

*Instagram Threads’ launch has been an overnight success, topping 100 million users within days of its arrival. Now, new data indicates the app has already achieved one-fifth of the weekly active user base of Twitter worldwide and 86 times the weekly active user base of the largest Twitter rival in the U.S., Truth Social, which had a weekly active user base of 1 million as of last week.*

Link: https://techcrunch.com/2023/07/16/instagram-threads-now-has-one-fifth-the-weekly-active-user-base-of-twitter/

4 ( +6 / -2 )

Trump's Truth Network is bankrupt. The walls are closing in. Trump lost $700 million.

Been hearing that for 10 years now

-7 ( +2 / -9 )

Been hearing that for 10 years now

Truth social isn't even 3 years old, but Bass has been hearing that it's going bankrupt for 10 years.

This sounds like that time he heard Trump won in 2020.

I am sure if we questioned it a little further we'd find it had something to do with 'but libs'.

6 ( +8 / -2 )

Truth social isn't even 3 years old, but Bass has been hearing that it's going bankrupt for 10 years.

Sorry, I meant the statement “the walls are closing in on Trump” just for clarification.

-8 ( +1 / -9 )

Sorry, I meant the statement “the walls are closing in on Trump” just for clarification.

But you also heard Trump won in 2020, and believed it, so...

Credibility and all that.

8 ( +9 / -1 )

bass4funk

   Trump's Truth Network is bankrupt. The walls are closing in. Trump lost $700 million.

> Been hearing that for 10 years now

Really!

Trump's Truth Social started on February 21, 2022

5 ( +5 / -0 )

Really!

Trump's Truth Social started on February 21, 2022

“Sorry, I meant the statement “the walls are closing in on Trump” just for clarification.”

Now if you would’ve scrolled up, you could have saved that comment and you would’ve seen that at 10:04 AM I corrected my statement.

-7 ( +0 / -7 )

   Trump's Truth Network is bankrupt. The walls are closing in. Trump lost $700 million.

Been hearing that for 10 years now

Does anyone want to tell Bass that Truth Social is like 2 years old?

2 ( +3 / -1 )

Does anyone want to tell Bass that Truth Social is like 2 years old?

“Sorry, I meant the statement “the walls are closing in on Trump” just for clarification.”

Now if you would’ve scrolled up, you could have saved that comment and you would’ve seen that at 10:04 AM I corrected my statement.

-2 ( +1 / -3 )

And did you know Truth Social has only been around like 2 years?

3 ( +4 / -1 )

somebody teached me how to cut and paste

but dems

3 ( +3 / -0 )

and the fact that Musk had to buy it did do one thing and that is expose the company for what it was doing when the social media platform became an extension of the Democrat party and used its powers to silence opposition, and most notably, the dissent and questioning the controversy vaccine

There's a lot to fact check here. Let's get to it:

fact that Musk had to buy it

He chose to buy it. He didn't have to make the deal. Yes I know he tried to back out and later had to.

the social media platform became an extension of the Democrat party

Patently false.

and used its powers to silence opposition*

You're referring to the Trump ban after he used the platform for a violent coup that resulted in multiple deaths. Twitter is entitled to enforce its policies.

and most notably, the dissent and questioning the controversy vaccine*

Demonstrably false. Not only did misinformation proliferate on twitter, and still does, but Jack Dorsey, the former owner is supporking RFK Jr for President. RFK Jr is an outspoken antivax conspiracy theorist.

2 ( +3 / -1 )

As an intelligent person, Musk should have stayed away from the social media.

-1 ( +0 / -1 )

Advertisers pay for sites...

Sure about that?

https://youtu.be/A4XyIA3XqS8

0 ( +0 / -0 )

Even with free alternatives?

Nothing ideological there.

Moot, because if a group of people have decided a particular tool is useful, why even get everybody to experiment with alternatives? What a waste of time.

0 ( +0 / -0 )

Good riddance twitter. See you in the future.

0 ( +1 / -1 )

Elon Musk is such a slimy, smarmy greaseball. He has single handedly ruined the Internet by his mismanagement of Twitter. I could dona better job and I am but a journeyman musician. Such a waste,

-1 ( +2 / -3 )

Musk has always had a love-hate relationship with Twitter. I sometimes wonder if he bought out Twitter on purpose just to run it into the ground. All his decisions have been really bad.

-1 ( +0 / -1 )

@Speed, I think Musk bought it so he can use it as an immense tax loss.

0 ( +0 / -0 )

Even with free alternatives?

Nothing ideological there.

Moot, because if a group of people have decided a particular tool is useful, why even get everybody to experiment with alternatives? What a waste of time.

Because the only reasons to use a paid alternative not made for the functionality in question over a free alternative literally made for the type of communication you suggest are either:

Ideologists

Stupid, or

Lazy

No one is going to use Twitter's messaging to run an open-source software unless they are either ideologists, or complete morons. Which to be fair, are an overlapping Venn diagram.

1 ( +2 / -1 )

Twitter use to ban pro trump people, The FBI use to have a direct line to et stories and comments they did not like removed from twitter , the last election the CIA wrote a letter saying the laptop was fake, this was after the fbi had confirmed it legit, the fbi hid the laptop from the public for two years trying to help rig the election. When you have a DOJ FBI CIA all working for the democrats then the only thing left for the usa is to break up.

The last election had a 93 percent voter turn out , 93 percent this is of course impossible when you add the amount in prison and unable to vote , but still some fools think it wasnt rigged, Only north korea gets a higher voter turnout

-4 ( +0 / -4 )

The last election had a 93 percent voter turn out

A simple google search refutes your nonsense.

https://en.wikipedia.org/wiki/Voter_turnout_in_United_States_presidential_elections

0 ( +1 / -1 )

Because the only reasons to use a paid alternative

Who said alternative? It's our current, AND preferred way to communicate with each other, so what if some of us would be willing to pay a small fee to use a proven tool.

You are srarting to look 'desperate', making up false narratives just to support a fictional proposition.

Ideologists

Stupid, or

Lazy

Yep, very, very desperate...

0 ( +0 / -0 )

Elon Musk says Twitter is still losing cash because advertising has dropped by half............Well, that is hardly surprising given what he has done since buying it. But Musk is a fantastic business man ?? He bought and paid 3 times as much as the company was worth, and now it is worth next to nothing. Wow! such business prowess.

1 ( +1 / -0 )

You I was reading that some commentator compared the Musk Twitter tie up as having/forced to choose, as an investor between being infested with ants or cockroaches.

0 ( +0 / -0 )

Twitter turned a profit in 2018 ($1.2 Billion) and 2019 ($1.4 Billion)

https://www.statista.com/statistics/274563/annual-net-income-of-twitter/

Covid-19 cratered that in 2020 (minus $1.1 Billion) but the losses decreased sharply by 2021 (minus $0.2 Billion) on the way back to profitability

0 ( +0 / -0 )

The politics of users is irrelevant to advertisers. Right-wingers, conspiracy theorists, nutjobs, whatever. They all spend money. They all buy stuff. You advertise to them so that it is your stuff they buy. Retailers don't care who buys their stuff.

Advertising spend has reduced across all services due to the global economy collapsing. High inflation and high interest rates are toxic to retail.

With less of an advertising budget, there will be more focus on dedicated retail platforms (Amazon, ebay) targeting people actively buying, and influencers/vloggers on YT and TikTok. Facebook and Twitter may lose out there.

0 ( +0 / -0 )

Po bay-BEE. Muskrat scared off a lot of people because he's a stooge for Treasonous Spanky Don. He's stretched himself too thin on this too. It's a white elephant now. Wah!

0 ( +0 / -0 )

Threads is down significantly in traffic now. Which is to be expected, as there will always be a bump from the newness. It will be interesting to see what portion of the overall traffic it will draw from Twitter, as things start to pan out. We should start to know some actual trends in 3-6 months.

0 ( +0 / -0 )

@Speed, I think Musk bought it so he can use it as an immense tax loss.

The new Tesla plants in Texas and Germany are bleeding him white with billion dollar losses already. No, he just made a really bad choice.

0 ( +0 / -0 )

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