from Hacker News

Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

by batmaniam on 7/16/23, 12:46 AM with 4 comments

  • by Octokiddie on 7/16/23, 1:36 AM

    > “It’s definitely been extremely difficult,” Musk said in Twitter Spaces livestream event Musk hosted with Robert F. Kennedy, Jr last month. “Basically, our revenue is cut in half because we didn’t toe the line.” He added it’s been a “huge struggle for Twitter to break even.”

    Toe what line?

  • by MattGaiser on 7/16/23, 1:18 AM

    > Among the creators who now get monetized off Twitter: Andrew Tate, the self-proclaimed “misogynist” online influencer, who was indicted in Romania on charges of human trafficking, rape and setting up a criminal gang.

    Sponsoring human traffickers will unsurprisingly make advertisers run for the hills.