from Hacker News

Elon Musk says Twitter's cash flow still negative as ad revenue drops

by tech-historian on 7/15/23, 3:48 PM with 25 comments

  • by 3cats-in-a-coat on 7/15/23, 5:03 PM

    Few months ago he said ad revenue dropped 50%.

    Then a month ago or so he said all advertisers returned in full.

    Now he's saying, today, that again ad revenue dropped 50%.

    The guy is a pathological liar, you can't understand at all what's happening from his words. It's like listening to Putin's takes on reality. One day Wagner is just a myth, then he paid billions to them, then a week later they're a myth again.

    This is why I watch what he does and what's happening to Twitter. And this is still one airplane nosediving directly to the ground as we speak.

  • by jqpabc123 on 7/15/23, 4:11 PM

    as add revenue drops

    The fundamental disconnect in Musk's business plan --- advertising is really not about "free speech" but rather the opposite.

    Otherwise, Twitter shouldn't charge for it and advertiser's wouldn't be fleeing.

    Offering a soapbox to extremists demonstrates a lack of focus and understanding of the nature of the business he bought into.

  • by ecf on 7/15/23, 4:17 PM

    Revenue dropping while simultaneously implementing a revenue sharing scheme for influencers? It’s a bold strategy, Cotton. Let’s see if it pays off for ‘em.
  • by jdjdjdhhd on 7/15/23, 3:52 PM

    Usage up 3.5% week over week but revenue declining (according to Musk)