Tag: twitter elon musk

Musk Says Twitter Cash Flow Still Negative as Ad Revenue Halved
Technology

Musk Says Twitter Cash Flow Still Negative as Ad Revenue Halved

[ad_1] Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt load and a roughly 50% drop in advertising revenue.The social media site will “need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet. Several top advertisers paused spending on the platform after Musk acquired the company last year over concerns about changes the billionaire could make. Earlier this year, Musk said that many of the advertisers who fled had returned, and that becoming cash-flow positive was imminent. “Almost all of them have either come back or said they're coming back,” Musk said in a Twitter Spaces in April.Advertiser spending dropped 89% to $7.6 million over a two-month period early this year, according to estimates for ...
In big move, Twitter blocks links to Threads amidst fiery rivalry
Technology

In big move, Twitter blocks links to Threads amidst fiery rivalry

[ad_1] Since its launch on July 5, the popularity of Twitter's newest rival Threads has grown exponentially, becoming the fastest platform to reach 100 million users. This has coincided with Twitter's traffic taking a hit, with the microblogging platform coming at 37th place in the latest DNS rankings, as revealed by Cloudflare CEO. While Twitter's new CEO Linda Yaccarino has downplayed reports of a decline in traffic, the platform does seem to be concerned about the latest competition, and in its wake, it has reportedly taken a drastic step to push back.Twitter blocks Threads linksAccording to Technologist Andy Baio (via TechCrunch), although Twitter allows users to post URLs on the platform, it has recently been blocking links to the Threads app. Baio posted a screenshot on Threads sh...
Twitter traffic takes a deep dive as Threads popularity explodes
Technology

Twitter traffic takes a deep dive as Threads popularity explodes

[ad_1] Twitter has been suffering from a series of issues lately with “data scraping and system manipulation” plaguing the platform. Since its acquisition by Elon Musk, people have been skeptical of the way Twitter is being run, and several eminent personalities such as Elton John and Jim Carrey have taken the extreme step of even quitting the platform. The microblogging site also suffered a big outage on July 1 with over 4000 people reporting problems like “Cannot retrieve tweets”, downdetector.com revealed. Add to that, Musk's penchant for making changes at the spur-of-the-moment that hamper subscribers in various ways. All this has affected Twitter's popularity and its traffic is dropping. And that will be a big worry for shareholders who would want to hold Musk accountable for it.Tw...
Twitter video app for Smart TVs is coming, says Elon Musk
Technology

Twitter video app for Smart TVs is coming, says Elon Musk

[ad_1] Twitter seems interested in launching a Twitter video app for smart TVs as owner Elon Musk said "It's coming." Responding to a tweet suggesting that a Twitter video app is needed, Musk replied "It's coming". On Twitter, a user with an account name S-M Robinson said, "We really need a Twitter video app for Smart TVs. I'm not watching an hour-long video on Twitter." To which Musk replied, "It's coming." After which the user tweeted, "Appreciate it. I can see a day where I can cancel my subscription to YouTube, and never look at it again." Elon Musk is making several changes on Twitter and one of them is where social media is likely to focus on video, creator and commerce partnerships, New York Post reported, citing Reuters. Earlier, Musk said that Twitter will soon start paying c...
Twitter worst among major social media platforms when it comes to LGBTQ safety, GLAAD says
Technology

Twitter worst among major social media platforms when it comes to LGBTQ safety, GLAAD says

[ad_1] All major social media platforms do poorly at protecting LGBTQ users from hate speech and harassment — especially those who are transgender, non-binary or gender non-conforming, the advocacy group GLAAD said on Thursday. But Twitter is the worst.In its annual Social Media Safety Index, GLAAD gave Facebook, Instagram, TikTok, YouTube and Twitter low or failing scores, saying the platforms don't do enough to keep their users safe. That said, most improved from a year ago. Twitter, which was acquired by Tesla CEO Elon Musk last October, was the only exception. GLAAD's scorecard called it “the most dangerous platform for LGBTQ people" and the only one that saw its scores decline from last year. Twitter's communications staff was eradicated after Musk took over the company and for mon...