Post AU9tfRk0PhMYpH2XM8 by notwhatwethink@climatejustice.social
 (DIR) More posts by notwhatwethink@climatejustice.social
 (DIR) Post #AU9tfRk0PhMYpH2XM8 by notwhatwethink@climatejustice.social
       2023-03-31T01:01:18Z
       
       0 likes, 1 repeats
       
       Twitter is an open sewer in so many ways right now.  There are still some great voices posting over there, but there is so much sewage; nude picture sites, trolling and outright disinformation, and tons of racist, fascist and nazi content.  It was never great, but it was infinitely better than it is now.  Twitter Ad Revenue Plunges 89% Since Musk Takeover as Major Brands Stay Away (Report) https://www.thewrap.com/twitter-ad-revenue-plunges-elon-musk-bloomberg/#MuskKillsTwitter"Twitter advertising dollars have plunged 89% since billionaire Elon Musk bought the social media platform in October, Bloomberg reported, and as a result, revenue has dropped by half.Twitter has seen a slight uptick in daily users since early 2022, the report said, but advertisers have not returned to the site amid the ongoing upheaval at the company. Since Musk took over Twitter in October, he’s slashed jobs by about 75%, leaving the company with less than 2,000 employees, and most of the content management team gone.Last week, Musk valued the company at just $20 billion, less than half of what he paid for it.Citing data from Pathmatics, Bloomberg said that from September to October of last year, the top 10 advertisers on Twitter spent $71 million on ads. In the past two months, the total was just $7.6 million, a decline of 89%, the research firm said.Twitter’s top ad customers used to include marquee names like Ford, American Express, HBO, Amazon, IBM and Coca-Cola. But amid the early turmoil surrounding Musk’s takeover, major brands fled the site in droves, with 50 out of the top 100 advertisers pulling their ads.Roku Cuts Another 200 Jobs in Restructuring BidAlso Read:Roku Cuts Another 200 Jobs in Restructuring BidBut while reports in January said that the number of brands spending on the service rose in the months after Musk’s takeover, Bloomberg said major media agencies like IPG and Horizon Media that advised clients to pause their Twitter campaigns last fall have not yet reversed course."