• Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Write For Us / Submit
Tech News, Magazine & Review WordPress Theme 2017
  • Tech
    transfer whatsapp from android to iphone

    How to Transfer WhatsApp from Android to iPhone!

    Understanding the Role of Humidity Chambers in Climate Testing

    Understanding the Role of Humidity Chambers in Climate Testing

    Everything You Get to Know About Movember Beard Memes

    Everything You Get to Know About Movember Beard Memes

    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

  • Gear
    • All
    • Camera
    • Laptop
    • Smartphone
    Latest Smart Home Gadgets for a Connected Life

    Latest Smart Home Gadgets for a Connected Life

    Eco-Friendly Products for Students

    Eco-Friendly Products for Students

    Essential Photography Equipment and Gadgets

    Mastering Your Shots: Essential Photography Equipment and Gadgets

    Level Up Your Game: Must-Have Gaming Gear!

    Level Up Your Game: Must-Have Gaming Gear!

    Pixel Watch in the test

    Google Pixel Watch in the Test

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Gaming
    9 Best Alternative Games Like Kahoot

    9 Best Alternative Games Like Kahoot

    The Top 8 Free Bubble Shooter Games for Endless Entertainment

    The Top 8 Free Bubble Shooter Games for Endless Entertainment

    Cloud Gaming Revolution: How Streaming is Changing the Future of Gaming

    Cloud Gaming Revolution: How Streaming is Changing the Future of Gaming

    Level Up Your Game: Must-Have Gaming Gear!

    Level Up Your Game: Must-Have Gaming Gear!

    Game Streaming Platforms: Evolution & Impact on Industry

    Game Streaming Platforms: Evolution & Impact on Industry

    The Rise of Esports Games

    Esports Games: Exploring the Ecosystem, Growth, and Impact

  • Crypto
    transfer whatsapp from android to iphone

    How to Transfer WhatsApp from Android to iPhone!

    Understanding the Role of Humidity Chambers in Climate Testing

    Understanding the Role of Humidity Chambers in Climate Testing

    Everything You Get to Know About Movember Beard Memes

    Everything You Get to Know About Movember Beard Memes

    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

  • Business
    transfer whatsapp from android to iphone

    How to Transfer WhatsApp from Android to iPhone!

    Understanding the Role of Humidity Chambers in Climate Testing

    Understanding the Role of Humidity Chambers in Climate Testing

    Everything You Get to Know About Movember Beard Memes

    Everything You Get to Know About Movember Beard Memes

    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

No Result
View All Result
Geeky Insider
  • Tech
    transfer whatsapp from android to iphone

    How to Transfer WhatsApp from Android to iPhone!

    Understanding the Role of Humidity Chambers in Climate Testing

    Understanding the Role of Humidity Chambers in Climate Testing

    Everything You Get to Know About Movember Beard Memes

    Everything You Get to Know About Movember Beard Memes

    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

  • Gear
    • All
    • Camera
    • Laptop
    • Smartphone
    Latest Smart Home Gadgets for a Connected Life

    Latest Smart Home Gadgets for a Connected Life

    Eco-Friendly Products for Students

    Eco-Friendly Products for Students

    Essential Photography Equipment and Gadgets

    Mastering Your Shots: Essential Photography Equipment and Gadgets

    Level Up Your Game: Must-Have Gaming Gear!

    Level Up Your Game: Must-Have Gaming Gear!

    Pixel Watch in the test

    Google Pixel Watch in the Test

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    Top 5 Websites To Buy Camera Lenses At Reasonable Price

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Gaming
    9 Best Alternative Games Like Kahoot

    9 Best Alternative Games Like Kahoot

    The Top 8 Free Bubble Shooter Games for Endless Entertainment

    The Top 8 Free Bubble Shooter Games for Endless Entertainment

    Cloud Gaming Revolution: How Streaming is Changing the Future of Gaming

    Cloud Gaming Revolution: How Streaming is Changing the Future of Gaming

    Level Up Your Game: Must-Have Gaming Gear!

    Level Up Your Game: Must-Have Gaming Gear!

    Game Streaming Platforms: Evolution & Impact on Industry

    Game Streaming Platforms: Evolution & Impact on Industry

    The Rise of Esports Games

    Esports Games: Exploring the Ecosystem, Growth, and Impact

  • Crypto
    transfer whatsapp from android to iphone

    How to Transfer WhatsApp from Android to iPhone!

    Understanding the Role of Humidity Chambers in Climate Testing

    Understanding the Role of Humidity Chambers in Climate Testing

    Everything You Get to Know About Movember Beard Memes

    Everything You Get to Know About Movember Beard Memes

    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

  • Business
    transfer whatsapp from android to iphone

    How to Transfer WhatsApp from Android to iPhone!

    Understanding the Role of Humidity Chambers in Climate Testing

    Understanding the Role of Humidity Chambers in Climate Testing

    Everything You Get to Know About Movember Beard Memes

    Everything You Get to Know About Movember Beard Memes

    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

Submit
Geeky Insider
No Result
View All Result

Elon Musk says Twitter has had ‘massive’ revenue drop

by Staff Writer
November 5, 2022
in Business
Reading Time: 3 mins read
Elon Musk says Twitter has had 'massive' revenue drop
Share on FacebookShare on Twitter

Twitter has suffered a “massive drop in revenue” because of advertisers pausing spending on the social media platform, Elon Musk, the new owner of the company, said Friday without providing numbers.

In a tweet, the Tesla, Twitter, and SpaceX CEO cast blame on “activist groups pressuring advertisers.” He said Twitter hasn’t changed its content moderation strategy, and added the company has done “everything we could to appease the activists.”

Musk didn’t specify how much revenue the company has lost from the pullback, or how he was able to attribute that loss to pressure from activist groups.

Musk reiterated his views Friday in an interview at the Baron Investment Conference.

“We’ve made no change in our operations at all,” Musk said at the event. “And we’ve done our absolute best to appease them and nothing is working. So this is a major concern. And I think this is frankly an attack on the First Amendment.”

Twitter has fired or laid off approximately 50% of its employees since he took over on Oct. 28.

In recent days, a number of companies said they would temporarily pause their advertising spending on Twitter to see how things would change there under Musk’s ownership. Tesla competitors General Motors and Audi, and food titan General Mills are among the companies that have paused Twitter spending.

United Airlines suspended its advertising on Twitter earlier this week, a spokesperson for the carrier said on Friday. The airline is still posting on the platform. It appeared to be the first U.S. passenger airline to say it suspended advertising on Twitter. Airlines separately provide customer service on Twitter, which United is also not suspending, the spokesperson said, declining to provide further detail on the decision.

Ad giant IPG advised clients to temporarily pause their Twitter media plans, though it’s unclear how many clients are taking IPG agencies’ advice.

Twitter informed employees Thursday evening that it would begin laying off staff members, according to communications obtained by CNBC. Twitter’s content moderation team is expected to be among those job cuts, Reuters reported, citing tweets by employees.

Musk in a tweet Friday, addressed the layoffs, saying: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day. Everyone exited was offered 3 months of severance, which is 50% more than legally required.”

Table of Contents

  • READ ALSO
  • Potential of Social Media Marketing and Influencer Marketing
  • The Strategic Planning Process: A Comprehensive Guide

READ ALSO

Digital Transformation in Business - 6 Key Technologies

Digital Transformation in Business – 6 Key Technologies

August 1, 2023
AR in Gaming and Entertainment Industry

Impact of AR in Gaming and Entertainment Industry

June 6, 2023

CNBC has not confirmed this with former Twitter employees.

CNBC has also learned that deep cuts were made to Twitter’s global marketing team which handles, among other things, reporting and metrics around ad performance, sales performance and spam.

Earlier this week Musk, who now calls himself “Chief Twit,” met with a group of leaders of civil society organizations to address concerns about hate speech and election-related misinformation on the platform.

Since Musk took the helm, online trolls and bigots raided Twitter, and hate speech has surged on the platform. Musk also tweeted out, then deleted, an unfounded and anti-LGBTQ conspiracy theory about a home invasion and assault on Paul Pelosi, husband of Speaker of the House Nancy Pelosi.

Some of the organizations represented in the hourlong Zoom call on Tuesday have now co-signed an open letter to top Twitter advertisers urging them to suspend their ad spending if Musk fails to enforce the company’s safety standards and community guidelines.

Despite Musk’s claims of a recent revenue slump, Twitter’s ad spending had been on the decline before his takeover of the company was complete, and before civil society organizations began pressuring brands, according to ad analytics platform MediaRadar.

Advertisers on Twitter increased between April and May, around the time that Musk’s plan to take Twitter private was announced, before it began to decline, according to data from MediaRadar. But the average number of advertisers on the platform fell from 3,900 in May to 2,300 in August. It had 2,900 advertisers in September.



Source by www.cnbc.com

Related Posts

Entrepreneurship ethics - From Startup to Success
Business

Entrepreneurship ethics – From Startup to Success

August 24, 2023
Employee Payroll Management Software Simplifying Processes
Business

Employee Payroll Management Software: Simplifying Processes

August 23, 2023
Remote Working and the Future of Work
Business

Remote Working and the Future of Work

August 3, 2023
The Power of Diversity and Inclusion
Business

The Power of Diversity and Inclusion

July 20, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

iPhone 11 Pro

How to tell if someone put you on their iPhone Blocked Contacts list

July 9, 2022
How the Connected Devices Ecosystem is transforming marketing strategies

How the Connected Devices Ecosystem is transforming marketing strategies- Technology News, Firstpost

October 3, 2022

Trending.

MicroSD card in hand.

How to Move Apps to SD Card on an Amazon Fire Tablet

October 5, 2022
How to Downgrade Google Chrome to an Older Version

How to Downgrade Google Chrome to an Older Version

September 7, 2022
Google's No Internet Dino game running on a laptop computer

How to Hack the Hidden Google Chrome Dinosaur Game

October 23, 2022
Symbolic Link Header Image. A Windows folder on a blue background.

The Complete Guide to Creating Symbolic Links (aka Symlinks) on Windows

July 27, 2022
Docker logo

How to Run Docker Compose Containers With GPU Access

July 24, 2022
Geeky Insider

Geeky Insider is Web based independent Tech Magazine covering Topics Related to Technology, Gadgets, Software, Gaming, Crypto, Business And So on. Read More...

Submit a Techy Post | Write For Us

Feel free to contact us for submission queries. via contact form or email us at [email protected].

Categories

  • Android
  • Apple
  • Apps And Softwares
  • Articles
  • Business
  • Camera
  • Crypto
  • Education
  • Entertainment
  • Gadget and Gear
  • Gaming
  • How To
  • Laptop
  • Marketing
  • Microsoft
  • Review
  • Security
  • Smartphone
  • Technology
00-samsung FRP unlock tool

Unlock Samsung in Minutes: 5 Proven Hacks with the Ultimate FRP Unlock Tool!

September 19, 2023
transfer whatsapp from android to iphone

How to Transfer WhatsApp from Android to iPhone!

September 19, 2023
Understanding the Role of Humidity Chambers in Climate Testing

Understanding the Role of Humidity Chambers in Climate Testing

September 4, 2023
  • Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Write For Us / Submit

© 2022 GeekyInsider.com

No Result
View All Result
  • Home
  • Review
  • Apple
  • Gaming
  • Gadget and Gear
    • Camera
    • Smartphone
  • Microsoft
  • Security