Unfortunately probably a lot of CEOs realizing they can make drastic cost cutting and policy moves and get away with it. And sadly looks like it’s working.
So far it doesn’t look like he’s getting away with it. Ad revenue is down 60% compared to last year, it doesn’t look like there is enough revenue from subscriptions to make up for that, and they’re being evicted from one of their offices.
That story is (unfortunately) not as bad as it sounds on the surface. Basically the office they’re being evicted from was leased just as COVID lockdowns were happening and WFH became a thing. So no one was actually working there and it was pretty much just sitting empty. It’s still not great, but Twitter isn’t really losing anything of value.
He hasn’t been paying for Twitter’s servers, which is the equivalent of a construction company refusing to pay a supplier for wood. No wood = no product, likewise for Elon no servers = no twitter.
Notice how almost all social media sites are now offering, or considering offering, paid ‘blue checkmark’ options? Yeah, seems that us plebians didn’t factor into the ‘OMG, that’s awesome’ reaction from the CEOs.
Who in their right mind has looked at Twitter these past few months and thought ‘wow, great, let me copy that!’?
Unfortunately probably a lot of CEOs realizing they can make drastic cost cutting and policy moves and get away with it. And sadly looks like it’s working.
So far it doesn’t look like he’s getting away with it. Ad revenue is down 60% compared to last year, it doesn’t look like there is enough revenue from subscriptions to make up for that, and they’re being evicted from one of their offices.
An office they never even used
No, but the users still keep using it and the bigger advertisers are coming back. It’ll get sold off but love on. Too many people unwilling to let go.
That story is (unfortunately) not as bad as it sounds on the surface. Basically the office they’re being evicted from was leased just as COVID lockdowns were happening and WFH became a thing. So no one was actually working there and it was pretty much just sitting empty. It’s still not great, but Twitter isn’t really losing anything of value.
Ah, I see. Maybe one of the offices they’re actually using and also not paying the rent on next? A man can dream.
Whether or not they actually used the office, they still owed rent, did they not?
He hasn’t been paying for Twitter’s servers, which is the equivalent of a construction company refusing to pay a supplier for wood. No wood = no product, likewise for Elon no servers = no twitter.
Well if Google drops him, they know Musk will run to the right wingers in Congress and they will try to fuck with Google again.
How does a right winger not see non payment to be a reason for service to be withheld?
It’s 2023, you still think they have any principles at all other than naked self-interest?
He didn’t get away with it, he lost a fortune on Twitter and Tesla is being affected as well.
I know he has more money than he could ever lose but he ruined his imagine and that’s the main thing he always cared about.
Notice how almost all social media sites are now offering, or considering offering, paid ‘blue checkmark’ options? Yeah, seems that us plebians didn’t factor into the ‘OMG, that’s awesome’ reaction from the CEOs.
I don’t know the specifics at Twitter’s end but fairly large portion of people I follow still use it daily. Feels like the drop wasn’t permanent.
It’s made the platform significantly less friendly to advertisers, which is the other place that really hurts the company
“Works” is a strong word