this post was submitted on 15 Jul 2023

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News

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Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’ (www.cnbc.com)

submitted 3 years ago by MicroWave@lemmy.world to c/news@lemmy.world

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[–] RubyDaCherry@lemmy.world 26 points 3 years ago (5 children)

Twitter was good?

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[–] TenderfootGungi@lemmy.world 17 points 3 years ago (1 child)

It was mildly profitable.

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[–] somethingsnappy@lemmy.world 3 points 3 years ago

Mildly profitable for about 2 years. After 12 years of losses. Then lost money even before the moron bought it.

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[–] verysoft@kbin.social 10 points 3 years ago*

I think everyone who thought twitter was bad/hated it just really used it the wrong way.

All you had to do was follow specific accounts akin to your interest (and probably avoid reading comments) and it was fab. That was the intended use anyway until they started forcing more algorithmic content you didn't ask for into a new 'home' feed.

It was a fantastic tool for keeping up to date with things you are interested in and there was nothing else like it, still isn't to that scale.

If you were browsing trending sections and engaging in comment threads, then you were always going to have a bad time and get bullshit shoved into your face.

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[–] niktemadur@kbin.social 9 points 3 years ago (1 child)

Twitter was a great space for breaking news, official alerts like weather, earthquakes and tsunamis, for developing election day tallies.
The "you mean Grimes left the king of SpaceX?" manchild broke all that.

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[–] FlyingSquid@lemmy.world 6 points 3 years ago

She left him for Chelsea Manning, which almost makes me believe in karma.

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[–] YoBuckStopsHere@lemmy.world 4 points 3 years ago (2 children)

Early Twitter was good, started going to crap around 2012.

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[–] someguy3@lemmy.ca 4 points 3 years ago (1 child)

What happened 2012?

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[–] YoBuckStopsHere@lemmy.world -3 points 3 years ago

https://en.wikipedia.org/wiki/2012_United_States_presidential_election#:~:text=Obama%20won%20332%20electoral%20votes,a%20smaller%20popular%20vote%20percentage.

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[–] Teh@sh.itjust.works 2 points 3 years ago

Eh, I’d say earlier than that. Twitter was pretty much trash by 2010 in my book.

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[–] liontigerwings@lemmy.world 2 points 3 years ago

There were some paths to profitability, then there's what Elon decided to do.

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