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Twitter’s US revenue has dropped -83% from $661M in Q2 of 2022 to $114M in Q2 of 2024.
Every attempt Linda Yaccarino has come up with to generate revenue has been scuttled by impulsive behavior from Elon Musk. It’s the greatest destruction of value in tech this decade.
Elon successfully cut 80% of staff without collapsing the site but unfortunately also lost over 80% of the revenue which means negative progress has been made on salvaging X’s business.
@carnage4life Do we know the delta of DAU since he bought it?
@carnage4life I feel bad for the communities that rely on that platform. He’s so awful.
Essentially he's paid $550mil to curry favor with the world's worst dictators and fascists.
A drop in a really large bucket for him.
@carnage4life the nyt are such gop shills, never asking the questions anymore.
"Once a cash cow, X continues to be a cash-burning vanity project for Musk. To what end was this purchase positive?"
@carnage4life
How do you solve a problem like Elon? I think the French answered that in 1792 or thereabouts.
@CosmicTraveler
@carnage4life can you really say that he _successfully_ cut 80% of the staff? The site is still running, but it is degraded in a number of ways, and a lot of the staff he cut was likely indirectly responsible for that revenue. Sales/marketing sure, but Trust & Safety was a big part of keeping advertisers feeling “safe” on the platform.
@carnage4life when he tires of his toy and has squandered all it's worth I think it ends up being sold for sub-one-billlion dollars to like Yahoo or something. Then they rebrand as Twitter by Yahoo and get slowly back to if not profitability than break even and driving folks into their other products.
None of that is happening any time soon though.
arc) @ReverendMoose @carnage4life lmao yahoo taking it back to twitter is so real
@carnage4life I imagine that an 80% reduction of staff isn't an 80% reduction in cost, either.
@carnage4life 
this made my day
business smarts looks different to me
but what do I know 