this post was submitted on 05 Jun 2023
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Technology

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Twitter US ad sales plunged 59%, and internal forecasts are grim, NYT reports (arstechnica.com)
submitted 1 year ago by Greenpepper@beehaw.org to c/technology@beehaw.org
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[–] Garrathian@beehaw.org 1 points 1 year ago* (last edited 1 year ago) (2 children)

Musk set a goal of making half of Twitter's revenue subscription-based, but his revamped Twitter Blue subscription service got off to a slow start. As the NYT report said, reversing the decline in advertising "is crucial because ads have long made up 90 percent of the company's revenue."

Well it looks like he's well on his way to succeeding in that goal if the ad revenue keeps dropping

[–] cavemeat@beehaw.org 1 points 1 year ago

Here's to hoping he succeeds lmao

[–] fishy_2_0@beehaw.org 1 points 1 year ago

he never did say the profits had to increase for the goal to be achieved