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Twitter: Elon Musk blames 'activist groups' for earnings drop


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8 hours ago, placeholder said:

Looks like Musk is pigging out on humble pie:

 

The Six Biggest Takeaways From Musk’s Groveling Call With Twitter Advertisers

Amid a mass exodus of advertisers, “Chief Twit” Elon Musk took to his newly purchased social media platform on Wednesday to assure companies that Twitter will remain a safe space for their brands. In an hour-long livestream, known as a “Twitter Space,” Musk cajoled advertisers with promises of robust content moderation and account verification practices. The billionaire faces a formidable challenge: shoring up Twitter’s revenues without alienating the highly vocal band of right-wing users who initially celebrated the acquisition.

https://www.thedailybeast.com/the-six-biggest-takeaways-from-elon-musks-groveling-call-with-twitter-advertisers

 

Musk fans should note his "promises of robust moderation".

Empty promise, he can't afford robust moderation.

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Elon Musk warns Twitter could go bankrupt amid company turmoil

Twitter's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. regulator and departures of senior executives viewed as future leaders.

The billionaire told Twitter employees on a call that that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion - a deal that credit experts say has left Twitter's finances in a precarious position.

Two executives - Yoel Roth and Robin Wheeler - who moderated a Twitter Spaces chat with Musk on Wednesday as he tried to assuage advertisers' concerns, have resigned, one person close to the matter told Reuters. 

https://www.france24.com/en/americas/20221111-elon-musk-warns-twitter-could-go-bankrupt-amid-company-turmoil

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12 hours ago, stevenl said:

Empty promise, he can't afford robust moderation.

He can’t even field a communications dept. 
 

“Messages seeking comment were left with Twitter, but it is unlikely someone will respond as the communications department has been laid off.”

 

https://www.theguardian.com/technology/2022/nov/10/exodus-twitter-elon-musk-possible-bankruptcy?CMP=Share_iOSApp_Other

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On 11/5/2022 at 9:56 AM, SunnyinBangrak said:

 I think his plan to charge $8 a month for a blue tick is genius. He'll make a fortune after they calmed down enough to realize they will lose their voice(and adoring fans) without Twitter.

#neversaystartyourownplatformagain

Yes, definitely "genius".

‘Twitter Blue’ launch suspended as ‘verified’ account impersonators surge: report

Elon Musk’s troubled social media site reportedly suspended the launch of its $8-per-month “Twitter Blue” plan in order to crack down on a surge in verified “troll” accounts impersonating famous figures — including Jesus Christ — and companies.

In an internal announcement, Twitter said it is attempting to block new subscriptions for the time being “to help address impersonation issues,” Platformer’s Zoe Schiffer reported.

Additionally, Twitter re-added an “official” label for verified accounts belonging to advertisers — just days after Musk had nixed the tag.

https://nypost.com/2022/11/11/twitter-blue-launch-suspended-as-verified-account-impersonators-surge-report/

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Twitter boss Elon Musk 'not above the law', warns US regulator

On Thursday, Yoel Roth, who had been Twitter's head of trust and safety, updated his profile on the social media platform to indicate that he was no longer in the role.

Chief privacy officer Damien Kieran and chief compliance officer Marianne Fogarty resigned, according to reports, and the company's chief security officer Lea Kissner also quit.

The departures may increase the risk of Twitter violating regulatory orders. The firm was fined $150m (£119m) in May for selling users' data, and had to agree to new privacy rules.

https://www.bbc.com/news/business-63593242

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5 hours ago, bendejo said:

The world itself is his reality show. 

No matter, I read the other day his net worth is US$300+ billion. 

 

 

Whatever his worth (financially, not as a person), doesn’t detract from the fact that he has messed up big time with his purchase of tw*tter. 

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36 minutes ago, Bluespunk said:

Whatever his worth (financially, not as a person), doesn’t detract from the fact that he has messed up big time with his purchase of tw*tter. 

Well yes he has, and he has a particular shareholder he needs to keep happy:

 

https://www.forbes.com/sites/mattdurot/2022/10/31/saudi-prince-alwaleed-becomes-twitters-second-largest-shareholder/?sh=472e100b523a

 

 

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