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Gurglesplat t1_j73bftp wrote

Reply to comment by ngwoo in Some popular accounts likely to disappear from Twitter as Elon Musk ends free access to API by printial

He is desperate to recoup his financial losses.

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bastardoperator t1_j743bh9 wrote

LOL, he never will and that's what I love about this deal.

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pwalkz t1_j75ix67 wrote

It's so wonderful. He is doing whatever he can to squeeze the remaining juice of Twitter but my dude there is not enough for you to recover 😂

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grumpyfrench t1_j75qy22 wrote

worse he can not pay le billion per year loan interests

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pwalkz t1_j75ron9 wrote

Thats what he fired all those employees for! No joke! That reduction in overhead covers his billion per year in interest. Which I can't really fault him for. Seems like a smart move if you got that sort of interest to pay off.

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grumpyfrench t1_j75y3yn wrote

wow you are right

1b / 200k cost per person = 5000

twitter went from 7500 to 2200

grossly match the math

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kippertie t1_j7513aa wrote

No I think it’s more insidious than that. I think he’s trying to shut down Twitter in a way that doesn’t have his investors coming after him for deliberately destroying it. If he keeps trying to monetize it more and more and it turns into a ghost town he can shrug and go “welp, I tried, guess it was already doomed guys, sorry and all that.

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Zealousideal_Ad9747 t1_j75ezqo wrote

Man destroys something he once thought was beautiful isn't exactly a news story though. Have you seen how many divorced people there are out in the world?

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pwalkz t1_j75iytb wrote

Same thing as your first proposition. He intentionally destroys it.

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OriginalCompetitive t1_j75gxzz wrote

What evidence do we have that Twitter is even losing money, much less shutting down?

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BlameThePeacock t1_j75ii57 wrote

There have been multiple reports by reputable organizations on the list of advertisers that shut down or scaled back their spending on the platform along with estimates on current loses per day being in the millions.

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OriginalCompetitive t1_j76jgcq wrote

Seems like that was just a temporary blip:

“New data suggests that the effect was temporary, with Twitter having managed to grow its advertiser roster to 3,700 in the fourth quarter of 2022 from 3,000 in the third quarter, according to an ad intelligence firm’s report released Wednesday.

Twitter averaged 3,330 U.S. advertisers per month on average in the first quarter; 3,740 in the second; 3,000 in the third; and 3,700 in the last three months of the year.“

It’s hard to know for sure, of course.

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eugene20 t1_j747gsi wrote

The only way he could do that the way he is burning through the company would be by using their plummet to game the stock market illegally.

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Ultrabadger t1_j74rv89 wrote

I thought Twitter went private because Musk now owns it. There is no gaming the stock price.

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