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this post was submitted on 19 Jun 2024
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Technology
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According to the article, the revenue is down 40%....But the costs are also way down? So this title is totally misleading, and a bunch of Lemmies are out here celebrating because they didn't put 2 and 2 together.
Well yeah, but means the platform is not growing
How much more growth could Twitter have anyway?
Anyone who was interested either had one or had sworn it off well before Musk got involved.
The only thing that changed for me personally was I could previously see tweets from people without having an account, now I can't, so I don't click on twitter links at all. All of the businesses and public services previously announcing things on Twitter do it elsewhere now anyway for that reason.
Mr/s. financial expert, how much is way down? How does the cost vs revenue compared? Is it a net positive or negative. I'll wait for you to put 2 and 2 together to see if I celebrate or not yet.
X lost half a billion dollars in the first quarter of 2023. Odd that the financial expert didn't mention this even though it is literally in the same sentence as the "40% drop in revenue" statement in the article.
Lemmy is pretty biased and has unrealistic expectations. Like people here still think Reddit going to die, when the fact is we left over the API incident but we’re in the minority and the majority of people don’t care.
I can’t stand X or Elon, but it would be silly to not look at things objectively.