According to the article, the revenue is down 40%....But the costs are also way down? So this title is totally misleading, and a bunch of Lemmies are out here celebrating because they didn't put 2 and 2 together.
this post was submitted on 19 Jun 2024
412 points (97.5% liked)
Technology
34816 readers
173 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS
Lemmy is pretty biased and has unrealistic expectations. Like people here still think Reddit going to die, when the fact is we left over the API incident but we’re in the minority and the majority of people don’t care.
I can’t stand X or Elon, but it would be silly to not look at things objectively.
Mr/s. financial expert, how much is way down? How does the cost vs revenue compared? Is it a net positive or negative. I'll wait for you to put 2 and 2 together to see if I celebrate or not yet.
X lost half a billion dollars in the first quarter of 2023. Odd that the financial expert didn't mention this even though it is literally in the same sentence as the "40% drop in revenue" statement in the article.
Well yeah, but means the platform is not growing
How much more growth could Twitter have anyway?
Anyone who was interested either had one or had sworn it off well before Musk got involved.
The only thing that changed for me personally was I could previously see tweets from people without having an account, now I can't, so I don't click on twitter links at all. All of the businesses and public services previously announcing things on Twitter do it elsewhere now anyway for that reason.
that's a shame.. anyone up for boggle?
good
i hope plunging means up, and 75 means 200
I genuinely hope this platform burns to the ground.
I already lost all faith in it a long time ago, but kept my account to occasionally respond to a friend, or just look at feeds i don’t follow.
When he publicly reinstated fascists though, that was the last drop in the ocean of issues
Honestly I'm surprised it lasted this long since Musky bought it.
That just shows the strength of the Twitter brand.
and the people's inertia
Never going to happen. His other companies are highly successful and private so he can always borrow money to from other companies to keep twitter afloat
Tesla is not private. He borrowed a huge amount against his Tesla shares to buy twitter. That's one of the reasons he wanted that giant bonus. He needs the money to keep paying off the loans.
And it got approved so 🤷♂️
If that's what he's doing, he still wont sink money into Twitter forever.
You are underestimating musks infantile need to show the world he's not a failure.
The moment Musk fired engineers, I removed my account. Then I watched Twitter integration fail for a few applications Ive worked on, and removed that login/access.
From there, I watched multiple services fail. Ive watched spam bots take over. I watched drama after drama, Musk demanding weird choices like his tweets get priority.
It's such a mess.
I didn't even realise until the other day you need an account to use it now at all it seems.
So no surprise. In the past, I recall you could browse without a login.. so of course nobody is going to put ads on it
Also, why would you want those customers?
People complain about twitter but I know of no other social media that's as informative and uncensored on current topics like the American genocide in Gaza or their war in the Ukraine.
On the one hand that's good and on the other it makes misinformation extremely easy. Misinformation spreads like wildfire on Twitter and the corrections don't. The corrections get buried in "nuh uh, YOU lie" bot spam unless it gets the community notes treatment.
I prefer that than someone making my decisions for me and censoring.
Misinformation is already all over the mainstream news so...
False equivalence between Twitter news and mainstream news. Mainstream news has to verify their sources and have a reputation to protect. They retract stories that turn out to be false. As you saw with Dominion, mainstream news has money to protect from slander lawsuits too. It's not perfect and there is certainly bias, but on Twitter there are no guardrails for misinformation besides community notes.
Mainstream news has to verify their sources and have a reputation to protect.
Well this is just a wildly wrong claim. The mainstream news could tell you that the Sasquatch is real and is behind Russiagate and people would believe it and not give a shit when both are found to be false. Where is Peng Shaui, the Uighur genocide, the invasion of Ukraine was "unprovoked", Israel has a right to defend itself, Hamas raped women, Hamas beheaded babies... These are all things that have been proven wrong and the vast majority of people still believe them. The MSM is just propaganda. It doesn't even have community notes. There's no slander laws between states.
You call my claim wildly wrong and have only this to say?
You fundamentally misunderstand the nature of newsrooms. That you can point to the instances in which they were wrong does nothing to argue that they don't do their best to verify sources, you're missing the fact that it's hard sometimes, missing the fact that mainstream outlets retract statements that turn out to be false later and hedge their bets with wording. Dan Rather lost his career over an unverified source. The NBC headline about the beheaded babies literally says "Unverified reports" in the title.
I think you should read this article about the difficulties of getting the news right in the 24 hour news cycle and educate yourself instead of spewing knee-jerk nonsense which your argument fails to prove. https://www.npr.org/2023/10/24/1208075395/israel-gaza-hospital-strike-media-nyt-apology
view more: next ›