Elon Musk's X revenue has officially plummeted, new documents show (mashable.com)
from dvdnet62@feddit.nl to technology@lemmy.ml on 19 Jun 2024 15:50
https://feddit.nl/post/16896074

#technology

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schwim@lemm.ee on 19 Jun 2024 16:00 next collapse

Schadenfreude intensifies.

slazer2au@lemmy.world on 19 Jun 2024 16:30 next collapse

<img alt="" src="https://media1.tenor.com/m/rF5ERf7ncqUAAAAC/oh-no-top-gear.gif">

Aeri@lemmy.world on 19 Jun 2024 16:50 next collapse

The biggest loss here is that I follow a lot of artists on Twitter and when it goes kaput I won’t have easy access to follow them.

atocci@lemmy.world on 19 Jun 2024 16:59 next collapse

Any chance they move to the fediverse?

magic_lobster_party@kbin.run on 19 Jun 2024 17:12 collapse

Probably near zero chance. Fediverse is dead empty compared to the alternatives, so not ideal if they want to reach out to their fans.

iAmTheTot@sh.itjust.works on 19 Jun 2024 17:47 collapse

You know, that’s a bit chicken-egg, right? Like, platforms don’t magically get users, those users need a reason to want to be there.

silverbax@lemmy.world on 19 Jun 2024 17:59 next collapse

In my personal (and therefore, limited) experience, engagement is much harder to get in the fediverse. I hope it improves, but it’s not easy to find people you don’t know in order to follow them, and vice versa.

andrew_bidlaw@sh.itjust.works on 19 Jun 2024 18:18 next collapse

And Lemmy doesn’t have a button to follow individual users or have a multireddit, for them or for some communities. On Reddit I had my porn subs collected into one tab (+Friends tab) and this didn’t show anywhere else, but there it’s only solvable by creating another account on lemmynsfw for that while banning all porn on your main acc. Following one creator without their own /c/ is a problem.

IIRC Wordpress had plugins to autorepost into other places. Maybe if Lemmy had one, it could’ve been perceived as less isolated by OC authors. For now you need to put effort to post a thing there too, for the sake of a small 1 mil userbase.

Blaze@reddthat.com on 20 Jun 2024 09:49 next collapse

Kbin had them (called collection)

Hopefully mbin will catch up: github.com/MbinOrg/mbin/issues/547

Blaze@reddthat.com on 20 Jun 2024 10:13 collapse

tesseract.dubvee.org

Tesseract have them

umbrella@lemmy.ml on 19 Jun 2024 19:24 collapse

i think the reddit/lemmy format is more suited to following communities not people

ICastFist@programming.dev on 19 Jun 2024 23:16 collapse

My bet is most will go either with bluesky or threads, because “everyone is (moving) there”

HatchetHaro@lemmy.blahaj.zone on 19 Jun 2024 18:15 next collapse

Quite a few of the artists I follow on Xitter have already prepared backup Bluesky accounts.

yuri@pawb.social on 19 Jun 2024 20:14 next collapse

My artist friends were actually the ones to introduce me to bluesky! Some of those circles jumped ship pretty early.

Domille@sh.itjust.works on 19 Jun 2024 21:37 collapse

I bet they are all on bsky

Aeri@lemmy.world on 19 Jun 2024 22:06 collapse

The issue is that even if half of them go there, the rest are scattered to the wind, and you’re not guaranteed to find them again.

Nollij@sopuli.xyz on 19 Jun 2024 23:53 collapse

Most people are on multiple platforms. Find them now, while you still can. Save whatever contact info you can for them. You don’t know when you’ll need it, nor why.

Rooskie91@discuss.online on 19 Jun 2024 16:58 next collapse

That’s why he needed such a high compensation package from tesla lol.

Diplomjodler3@lemmy.world on 19 Jun 2024 17:05 next collapse

I’d rather store my food in Jeffrey Dahmer’s fridge than my money with Elon Musk’s company.

will_a113@lemmy.ml on 19 Jun 2024 17:12 next collapse

When did we get away from saying “X - formerly known as Twitter” ? I liked seeing that gentle nudge in every headline.

Delusional@lemmy.world on 19 Jun 2024 17:58 next collapse

EX-twitter.

DetachablePianist@lemmy.ml on 19 Jun 2024 18:14 collapse

I still prefer ‘Xitter’

smokin_shinobi@lemmy.world on 19 Jun 2024 18:55 collapse

I liked Roman Numeral Ten.

BroBot9000@lemmy.world on 19 Jun 2024 19:32 next collapse

No we’re past that point. I’d much rather call it X and have the people left on that awful network swallow the jagged X pill instead of kidding themselves into thinking they are still on Twitter.

They are Xers now.

Auli@lemmy.ca on 19 Jun 2024 20:33 next collapse

How long do you do that for? He changed it to X who cares how dumb it is that is now the name.

belated_frog_pants@beehaw.org on 20 Jun 2024 07:55 collapse

Forever to make him mad

Cube6392@beehaw.org on 20 Jun 2024 12:18 collapse

Never do what a billionaire wants just because they want that. Always make it upsetting for them

Bookmeat@lemmy.world on 19 Jun 2024 23:31 next collapse

It’s better to call it X and not continue to soil the Twitter name.

mortemtyrannis@lemmy.ml on 20 Jun 2024 00:11 collapse

Twitter was always shit.

Like all social media.

Bookmeat@lemmy.world on 20 Jun 2024 00:28 collapse

Yes, but at least it wasn’t X.

harrys_balzac@lemmy.dbzer0.com on 20 Jun 2024 00:04 next collapse

I try to refer to it as Xitter. Posts are xeets.

DarkDecay@lemmy.world on 20 Jun 2024 01:10 collapse

I call them xcrements

pjwestin@lemmy.world on 20 Jun 2024 01:03 next collapse

I still get emails from my dormant account, and according to my Gmail, the sender is, “X (formerly Twitter),” so I don’t think we’re done with that yet.

delirious_owl@discuss.online on 20 Jun 2024 12:19 collapse

When the domain name changed

Midnitte@beehaw.org on 20 Jun 2024 19:14 next collapse

Strange, it still refers to itself as formally Twitter. <img alt="" src="https://beehaw.org/pictrs/image/780f01c7-37e6-4c09-b410-21945c7d8011.webp">

interdimensionalmeme@lemmy.ml on 20 Jun 2024 20:54 collapse

It’s still twitter, the place for twits, like Elon.

ssm@lemmy.sdf.org on 19 Jun 2024 17:42 next collapse

A time for celebration

vfreire85@lemmy.ml on 19 Jun 2024 18:15 next collapse

good riddance, black banana asylum. you won’t be missed.

LarkinDePark@lemmygrad.ml on 19 Jun 2024 18:20 next collapse

People complain about twitter but I know of no other social media that’s as informative and uncensored on current topics like the American genocide in Gaza or their war in the Ukraine.

MeetInPotatoes@lemmy.ml on 19 Jun 2024 18:29 collapse

On the one hand that’s good and on the other it makes misinformation extremely easy. Misinformation spreads like wildfire on Twitter and the corrections don’t. The corrections get buried in “nuh uh, YOU lie” bot spam unless it gets the community notes treatment.

LarkinDePark@lemmygrad.ml on 19 Jun 2024 18:47 collapse

I prefer that than someone making my decisions for me and censoring.

Misinformation is already all over the mainstream news so…

MeetInPotatoes@lemmy.ml on 20 Jun 2024 15:26 collapse

False equivalence between Twitter news and mainstream news. Mainstream news has to verify their sources and have a reputation to protect. They retract stories that turn out to be false. As you saw with Dominion, mainstream news has money to protect from slander lawsuits too. It’s not perfect and there is certainly bias, but on Twitter there are no guardrails for misinformation besides community notes.

LarkinDePark@lemmygrad.ml on 20 Jun 2024 17:17 collapse

Mainstream news has to verify their sources and have a reputation to protect.

Well this is just a wildly wrong claim. The mainstream news could tell you that the Sasquatch is real and is behind Russiagate and people would believe it and not give a shit when both are found to be false. Where is Peng Shaui, the Uighur genocide, the invasion of Ukraine was “unprovoked”, Israel has a right to defend itself, Hamas raped women, Hamas beheaded babies… These are all things that have been proven wrong and the vast majority of people still believe them. The MSM is just propaganda. It doesn’t even have community notes. There’s no slander laws between states.

MeetInPotatoes@lemmy.ml on 21 Jun 2024 02:39 collapse

You call my claim wildly wrong and have only this to say?

You fundamentally misunderstand the nature of newsrooms. That you can point to the instances in which they were wrong does nothing to argue that they don’t do their best to verify sources, you’re missing the fact that it’s hard sometimes, missing the fact that mainstream outlets retract statements that turn out to be false later and hedge their bets with wording. Dan Rather lost his career over an unverified source. The NBC headline about the beheaded babies literally says “Unverified reports” in the title.

I think you should read this article about the difficulties of getting the news right in the 24 hour news cycle and educate yourself instead of spewing knee-jerk nonsense which your argument fails to prove. npr.org/…/israel-gaza-hospital-strike-media-nyt-a…

Auzy@beehaw.org on 19 Jun 2024 18:46 next collapse

I didn’t even realise until the other day you need an account to use it now at all it seems.

So no surprise. In the past, I recall you could browse without a login… so of course nobody is going to put ads on it

Also, why would you want those customers?

dinckelman@lemmy.world on 19 Jun 2024 19:06 next collapse

I genuinely hope this platform burns to the ground.

I already lost all faith in it a long time ago, but kept my account to occasionally respond to a friend, or just look at feeds i don’t follow.

When he publicly reinstated fascists though, that was the last drop in the ocean of issues

Potatos_are_not_friends@lemmy.world on 19 Jun 2024 21:51 next collapse

The moment Musk fired engineers, I removed my account. Then I watched Twitter integration fail for a few applications Ive worked on, and removed that login/access.

From there, I watched multiple services fail. Ive watched spam bots take over. I watched drama after drama, Musk demanding weird choices like his tweets get priority.

It’s such a mess.

yoz@aussie.zone on 19 Jun 2024 23:05 next collapse

Never going to happen. His other companies are highly successful and private so he can always borrow money to from other companies to keep twitter afloat

poplargrove@lemmy.world on 20 Jun 2024 01:41 next collapse

If that’s what he’s doing, he still wont sink money into Twitter forever.

Frokke@lemmings.world on 20 Jun 2024 11:23 collapse

You are underestimating musks infantile need to show the world he’s not a failure.

Hugin@lemmy.world on 20 Jun 2024 14:56 collapse

Tesla is not private. He borrowed a huge amount against his Tesla shares to buy twitter. That’s one of the reasons he wanted that giant bonus. He needs the money to keep paying off the loans.

yoz@aussie.zone on 20 Jun 2024 22:31 collapse

And it got approved so 🤷‍♂️

Etterra@lemmy.world on 20 Jun 2024 00:55 collapse

Honestly I’m surprised it lasted this long since Musky bought it.

Honytawk@lemmy.zip on 20 Jun 2024 10:58 collapse

That just shows the strength of the Twitter brand.

umbrella@lemmy.ml on 20 Jun 2024 16:18 collapse

and the people’s inertia

[deleted] on 19 Jun 2024 19:44 next collapse

.

cupcakezealot@lemmy.blahaj.zone on 19 Jun 2024 19:49 next collapse

i hope plunging means up, and 75 means 200

istanbullu@lemmy.ml on 20 Jun 2024 10:58 next collapse

good

cupcakezealot@lemmy.blahaj.zone on 20 Jun 2024 11:03 next collapse

that’s a shame… anyone up for boggle?

OsrsNeedsF2P@lemmy.ml on 20 Jun 2024 15:35 collapse

According to the article, the revenue is down 40%…But the costs are also way down? So this title is totally misleading, and a bunch of Lemmies are out here celebrating because they didn’t put 2 and 2 together.

Evotech@lemmy.world on 20 Jun 2024 16:40 next collapse

Well yeah, but means the platform is not growing

ms_lane@lemmy.world on 25 Jun 2024 07:22 collapse

How much more growth could Twitter have anyway?

Anyone who was interested either had one or had sworn it off well before Musk got involved.

The only thing that changed for me personally was I could previously see tweets from people without having an account, now I can’t, so I don’t click on twitter links at all. All of the businesses and public services previously announcing things on Twitter do it elsewhere now anyway for that reason.

sproid@lemmy.ml on 20 Jun 2024 19:46 next collapse

Mr/s. financial expert, how much is way down? How does the cost vs revenue compared? Is it a net positive or negative. I’ll wait for you to put 2 and 2 together to see if I celebrate or not yet.

UnpluggedFridge@lemmy.world on 20 Jun 2024 20:48 collapse

X lost half a billion dollars in the first quarter of 2023. Odd that the financial expert didn’t mention this even though it is literally in the same sentence as the “40% drop in revenue” statement in the article.

dependencyinjection@discuss.tchncs.de on 20 Jun 2024 20:08 collapse

Lemmy is pretty biased and has unrealistic expectations. Like people here still think Reddit going to die, when the fact is we left over the API incident but we’re in the minority and the majority of people don’t care.

I can’t stand X or Elon, but it would be silly to not look at things objectively.