It’s actually worse for Musk to have people using Twitter than to have them abandon the site. Twitter was already losing money before Musk bought them And its worse now with activity on the site remaining high and advertisers abandoning the site..
That sounds like a massive rationalization to me. From what advertisers he does still have, he is able to ask higher rates if he has more eyeballs.
The Trump appointee that was assigned Musk’s defamation lawsuit against Media Matters has recused themselves. The Judge’s replacement is a George W Bush appointee. NEWS: Judge Mark Pittman recused himself from X v. Media Matters — Elon's lawsuit against reporting he doesn't like — and the case has been reassigned to ... Judge Reed O'Connor. pic.twitter.com/k5c4oRKjyJ— Chris “Law Dork” Geidner (@chrisgeidner) November 28, 2023 In their pre-Judge life, the Trump appointee was involved in several social media lawsuits..
Except your statement is demonstrably false. If it were a matter of just raising rates Musk and the board before him would have raised rates to make Teitter profitable. There also isn’t a rate increase high enough to replace the reportedly 55% loss in ad revenue since Musk took over and that was before Musk started embracing anti-Semitism and lost Twitters biggest advertisers. https://www.reuters.com/technology/...ed-each-month-since-takeover-data-2023-10-04/
That explains why he's shut it down, then. Elon Musk certainly thinks he does better if you continue to use his site.
I mean the discussion should at least be based on how online ad buys actually work. It's true Twitter long suffered from the fact that it is way too small compared to Google and Facebook which have cornered the online ad market. But that is not just because they hold so much of the universe of consumers in walled gardens. It's also because their online ads are much more effective than twitter. Twitter had a niche, valuable audience, and had a 5bn business around that but it's adtech sucks, and now even worse going into an election cycle, twitter has old tech combined with all the non-tech problems like nazis which can't be fixed because Musk fired all the people who did that stuff
If anyone is interested in this stuff, it is worth looking in to the move from social media and social media news to the creator economy short version what really kills Musk is when creators like Hildago leave, and migrate their audience with them As an example, podcasters like Pod Save America and Odd Lots have been moving their audiences to discourse - where they basically own it. Many others are focussed on email. It will take a long time but Twitter will be irrelevant long before then
That's a future hypothetical that may not come to pass. Currently every user uses up more Twitter server and employee time than they pay for in ads, unless they click on something. In any case, I use Nitter. I get the information, put a (slight) strain on Twitter servers, and Twitter gets zero ad money from it. Best of all worlds.
IMO Taylor Lorenz is a journalist who has approached Musk's fascism in a nuanced and sensible way. She, more than just about any liberal has been targeted by the fascists including both Musk and Carlson (in his Fox days) for daring to be a liberal woman on the internet. (1000s of rape and death threats) Musk could not be happier if he drove her off twitter. Instead she migrated / diversified. key point - why should she sacrifice her own advantages that come through dedicated a loyal audience on twitter - even heavily suppressed rather she worked to derisk and will slowly pivot There is plenty of high end thought and analysis on this topic, for those who want to look into it But short version, it's the creators that matter, and they are migrating, But also there is still stuff like trying to win an election in '24 which is why the likes of Pod Save America had not yet abandoned the platform, https://twitter.com/TaylorLorenz
If I keep buying more cigarettes, then Philip Morris will lose money because they have to buy tobacco.
Personally I don't think Twitter finances is the game in town anymore. The business is already holed below the waterline. I worry much more about how he is going to use it to support the fascist takeover of the US in '24
I am not buying a Tesla that is a given. Having said that the more people, particularly preeminent figures, leave this sewer of a platform, the faster it will go down and become irrelevant. Staying on it is in some ways cautioning his owner.
The transition is happening IMO. I don't know about you but I've moved almost all my use to a combo of podcasts, news letter subs and bluesky - especially because the content creators i follow have migrated
but like if we are being serious - that thing is Tesla Twitter is already financially banjaxed. But he can prop it up indefinitely thanks to his vast wealth courtesy of the Tesla stock price.
I don't. I'm waiting for the news agencies to stop using it. The problem is that there's not much of an alternative.