Elim Garak
Veteran
Twitter doesn't make money. Twitter has literally never made money.
Elon “Multiple Baby Mamas” Musk, Goes From A Dog Whistle To A Kkklaxon With This Tweet.
- Thread starter ThrobbingHood
- Start date
You have anything to support your claim or are you just trying to justify still using Twitter?
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Advertising and data licensing are the major sources of revenue
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How X (Formerly Twitter) Makes Money
Even after the company’s rocky acquisition by Elon Musk, X’s main streams of revenue are still advertising and data licensing.www.investopedia.com
Elim Garak
Veteran
Yes I do. I should have been more specific as I'm talking about in the Elon era. It was well documented that twitter has lost money during his time because of the amount of advertisers that left. I don't have to justify shyt because I don't care about your opinion.
What I have posted is from the Elon Musk era. So again, do you have anything that corroborates your claim?Yes I do. I should have been more specific as I'm talking about in the Elon era. It was well documented that twitter has lost money during his time because of the amount of advertisers that left. I don't have to justify shyt because I don't care about your opinion.
Oh, missed that second part. Was giving you the benefit of being an adult who could back up his claims. I see that is not the case.
Lol, that's these "anitwoke" cacs whole issue.
cac gamers as well
they're fantasy worlds might have someone not white play that part
in tv or movie adaptation funded by the kosher bubble in hollywood
like 1st of all who gives a shyt it's fake
it's make believe that's why these dudes not going survive in the next decade or 2
they are stuck in a fantasy world when these gen x'ers get around 60+ years old
they going to be insufferable and might need to be put down for good.
keep in mind non of the abrahamic faith's originated with anglos
they have no Gods that took the world by storm
so their god is thier image and fantasy reason they get so butt hurt over thier geekdom shyt
they have no heroes
they have no saviors
they have no struggle
they can only look up to bytches like Hitler
they're oppression is if a character was white in comic book but not white in movie
shyt let them cacs have their make believe it has no value at all when it matters
they don't have the soul or spirit to survive struggle like the black man/women in reality
cac gamers as well
they're fantasy worlds might have someone not white play that part
in tv or movie adaptation funded by the kosher bubble in hollywood
like 1st of all who gives a shyt it's fake
it's make believe that's why these dudes not going survive in the next decade or 2
they are stuck in a fantasy world when these gen x'ers get around 60+ years old
they going to be insufferable and might need to be put down for good.
keep in mind non of the abrahamic faith's originated with anglos
they have no Gods that took the world by storm
so their god is thier image and fantasy reason they get so butt hurt over thier geekdom shyt
they have no heroes
they have no saviors
they have no struggle
they can only look up to bytches like Hitler
they're oppression is if a character was white in comic book but not white in movie
shyt let them cacs have their make believe it has no value at all when it matters
they don't have the soul or spirit to survive struggle like the black man/women in reality
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I don't know what more he has to do to face backlash from the media and black folks
Even If he explicitly uses the N word, He will receive no backlash at this point
It's telling that the only real backlash He's received was for antisemitism. anti black racism is fair game
Even If he explicitly uses the N word, He will receive no backlash at this point
It's telling that the only real backlash He's received was for antisemitism. anti black racism is fair game
Elim Garak
Veteran
The company made less in ad revenue in 2023 than they did in 2022. As I said advertisers are leaving that platform. They aren't making money.Elon Musk’s X, the social network formerly known as Twitter, is on track to bring in roughly $2.5 billion in advertising revenue in 2023 — a significant slump from prior years, according to people familiar with the matter.
X generated a little more than $600 million in advertising revenue in each of the first three quarters of the year, and is anticipating a similar performance in the current period, according to a person familiar with the numbers. That compares to more than $1 billion per quarter in 2022.
75% of X’s total revenue, according to two people with knowledge of the matter. That would imply 2023 sales of roughly $3.4 billion, including sales from subscriptions and data licensing deals.
Elon Musk’s X is seeing ad revenue plunge by half from prior years and is expected to bring in just $2.5B this year
BYKURT WAGNER AND BLOOMBERG
December 12, 2023 at 4:31 PM CST
Musk has said he wants X to be less dependent on ad revenue.
KIRSTY WIGGLESWORTH / POOL / AFP
Elon Musk’s X, the social network formerly known as Twitter, is on track to bring in roughly $2.5 billion in advertising revenue in 2023 — a significant slump from prior years, according to people familiar with the matter.
X generated a little more than $600 million in advertising revenue in each of the first three quarters of the year, and is anticipating a similar performance in the current period, according to a person familiar with the numbers. That compares to more than $1 billion per quarter in 2022.
Ad sales currently make up between 70% and 75% of X’s total revenue, according to two people with knowledge of the matter. That would imply 2023 sales of roughly $3.4 billion, including sales from subscriptions and data licensing deals.
The previously unreported sales figures underscore with greater clarity advertisers’ unease with how X is handling content moderation under Musk, and in particular the new owner’s posts that amplify antisemitic and other extremist views.
X executives had originally targeted $3 billion in revenue from advertising and subscriptions in 2023, but will fall far short of that number, one of the people said. The annual number is still in flux because the holiday quarter isn’t yet over.
“This presents an incomplete view of our entire business, as the sources you’re relying on for information are not providing accurate and comprehensive details,” said Joe Benarroch, head of business operations for X.
The company stopped reporting public financial data after Musk’s October 2022 takeover. Benarroch described X as an “evolving NEW global business with multiple revenue streams. We are not Twitter any longer and not measuring ourselves by old Twitter metrics — both in revenue and user metrics.”
X was not profitable when Musk took over, but the company reported more than $5 billion in revenue the year before Musk acquired the company. In early 2021, Twitter executives led by then-CEO Jack Dorsey set a public goal to reach $7.5 billion in revenue by the end of 2023.
Instead, Musk has slashed costs and unintentionally spooked many of the service’s brand-conscious marketing partners. Musk routinely posts controversial statements to his 165 million followers, and has reversed several bans of users who violated policies — most recently the conspiracy peddler Alex Jones.
In November, Musk voiced his support for an antisemitic post, leading several major advertisers, including Apple Inc. and Walt Disney Co., to pause spending. Musk later apologized, but at a conference at the end of November, he told advertisers who were boycotting the service to “go f—— yourself,” and said pulling their money amounted to blackmail.
Musk previously told employees and investors that he would like subscription revenue to make up half of the company’s total business, but the service has just over 1 million paying subscribers, far fewer than Musk had initially hoped, according to a person familiar with the numbers. X has been trying to move away from its reliance on major brand advertisers, and recently started courting more small- and medium-sized businesses to the platform.
Elon Musk’s X is seeing ad revenue plunge by half from prior years and is expected to bring in just $2.5B this year
X was not profitable when Musk took over, but the company reported more than $5 billion in revenue the year before he acquired it.
It seems people enjoy having a villain to rail against, instead of actually seeking to defeat said villain. As long as people rather argue instead of act, this will continue on.
RickyDiBiase
The Sword of Jesus of Nazareth
Shut up fat ass
Plunge by half is not the same as not making money. You said he is not making money, now you are stating he is just making less money. So you still have not supported your claim of:The company made less in ad revenue in 2023 than they did in 2022. As I said advertisers are leaving that platform. They aren't making money.Elon Musk’s X, the social network formerly known as Twitter, is on track to bring in roughly $2.5 billion in advertising revenue in 2023 — a significant slump from prior years, according to people familiar with the matter.
Elon Musk’s X is seeing ad revenue plunge by half from prior years and is expected to bring in just $2.5B this year
X was not profitable when Musk took over, but the company reported more than $5 billion in revenue the year before he acquired it.fortune.com
I suspect that people/media are reluctant to call him out for fear of retribution via twitter ban
Elim Garak
Veteran
You do realize we are talking about ad revenue and not profits right? The company wasn't profitable even when they made far more ad revenue in 2022. They lost the advertisers and made less ad revenue as a result. They didn’t make a profit either year.
You do realize we are talking about ad revenue and not profits right? The company wasn't profitable even when they made far more ad revenue in 2022. They lost the advertisers and made less ad revenue as a result. They didn’t make a profit either year.
You do know that revenue can still be used, even if the company is not profitable? If you continue to use his app, you are still adding to his revenue and allowing him to continue to operate X as a Bully pulpit for his views.
Elon Musk says Twitter is roughly breaking even. That looks like vindication for his haphazard management but that won't work to make it profitable.
Elon Musk says Twitter is roughly breaking even. That looks like vindication for his haphazard management but that won't work to make it profitable.
Musk told the BBC on Tuesday that the company was roughly at breakeven, an improvement on its consistent loss-making in recent years.www.businessinsider.com
Which is all he needs to do to continue to use the App in the manner he is using it to harm us.