Elon Musk says that Twitter's cash flow is still in the red due to a 50% drop in advertising revenue.
  • Montagge@kbin.social
    30·
    1 year ago

    I hate that even more people are going to lose jobs and Musk will still be disgustingly rich.

    • Very_Bad_Janet@kbin.social
      17·
      1 year ago

      I hate that he is not.paying people the severance he promised,.yet has hundreds of billions of.dollars in net.worth.

      I hate that most of the people who will lose their jobs because of this guy will have their lives completely disrupted.

      He’s a deadbeat and a sociopath.

    • CoffeeBot@lemmy.caEnglish
      3·
      1 year ago

      A lot of people there are unfortunately essentially captive too. Apparently coming over to America on sponsored visas and need to find an alternative company willing to sponsor them - which is not easy. They can’t quit without risking their ability to stay in the country.

  • trashhalo@beehaw.orgEnglish
    23·
    1 year ago

    Thread comment hit the nail on the head

    english teachers could use this as a textbook example of passive voice … “see, kids, he acts like these things happened TO him not BECAUSE of him”

    Musk: We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else.

    • somniumx@kbin.social
      17·
      1 year ago

      Get your tin foil hats ready!

      For many people, social media was a valuable tool during the last US election cycle for many people to get information that differ from fox and co.
      Now, right before the whole circus starts up again, Musk and spez are making “bad” decisions with their platform, to drive people away from those to other products like facebook, threads, … Stuff that is easier to “manage” in terms of what people get to see - and let’s face is, the people that end up here are a vast minority.
      And don’t get me started about stuff like the Arab spring, where twitter was very important to communicate.

      I’m not saying this is 100% happening, but I wouldn’t be surprised if Musk and co. are simply paid by certain people to fuck up social media, so we go back to a time when information and communication is easier to control.

      Now put your tinfoil hats away, they are a serious heat risk in today weather!

      • maynarkh@feddit.nl
        10·
        1 year ago

        stuff like the Arab spring

        Would explain why the Saudis gave money to Musk to buy Twitter.

  • YellowtoOrange@lemmy.worldEnglish
    102·
    1 year ago

    Is he forced to disclose this, as this will confirm reports that Twitter is dying, which may hasten people leaving, and companies lsaving.