prosthetic_foreheads t1_jdh5o8a wrote
Reply to comment by [deleted] in Twitter to Revoke ‘Legacy’ Verification Badges in April, Leaving Only Paying Subscribers With Blue Check-Marks by 08830
That the actions he's taking are devaluing the social media platform that he owns one bit at a time. That he spent too much money on a company because of his pride and his own big mouth, and now they've barely got the money to stay afloat, that he's incurred more debt buying it than the money the company will make. His own words.
[deleted] t1_jdh9dun wrote
[deleted]
rasvial t1_jdi4jwh wrote
I think you're absolutely kidding yourself if you think you're not defending him. The company was near profitable, and he burned the real revenue- ADS. if you look at streaming for example, you might think "it's because they charge all the users a monthly fee that keeps the lights on" but generally it's not even a third of the money pulled in by advertising to those users.
grkfx t1_jdjkrqy wrote
It wasn’t near profitable that’s completely laughable
[deleted] t1_jdjr1v1 wrote
It was much closer than it is now, or likely will be for the foreseeable future.
rasvial t1_jdjtex3 wrote
It was, they just needed to expose their data in a way that would better allow for sane advertisement to get good reach, then the cpm increases and revenue follows. Now they've got no hope.
[deleted] t1_jdjqx68 wrote
Yes, I would say that because he's not going to turn Twitter profitable by running off advertisers, alienating users and rolling back policies designed to keep the company free of legal and PR issues, which is pretty much all he's done to date.
Frankly, it's very debatable whether Twitter can be profitable, but Musk seems determined to dig a deeper hole.
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