Twitter has lost half its advertising revenue
https://www.reuters.com/technology/elon-musk-says-twitters-cash-flow-still-negative-ad-revenue-drops-2023-07-15/ Musk’s genius plan of firing all the employees and pushing away advertisers. Let’s hope for all tech workers he fails and shows you can’t just fire most of your workforce without consequences
Reuters
This will go down as one of the biggest fuckups in human history
Mao Zedong’s cultural revolution?
Great leap forward came first, 15+ million starving to death
He’s playing with fire and paying huge prices
Obviously this doesn’t look good, but I do wonder how much expenses have been cut. If headcount is down 80% and hosting costs aren’t being paid then they might be coming out ahead.
They’re also not paying their office rents, so there’s that too
A billionaire not paying his bills yet poor folks are vilified for it.
Play stupid games, win stupid prizes
This is just a side quest for Elon. He dgaf
Until the creditors for the $44 billion come knocking
$44 billion is his 1 year TSLA gains lol
They are hanging on by a Thread. No pun intended. 😂
It really hit Twitter hard that my pillow lowered their advertising