So in summary, over 500 top advertisers on Twitter have stopped advertising, revenue is down by over 40%, 14 of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took over, 72 out of the top 100 advertisers have paused advertising (from earlier reports), and forward bookings of advertising are down despite massive incentives for free ads promoted by Twitter. Quite the disaster. Great job, Elon. Over 500 advertisers have paused spending on Twitter - report Since Musk took over Twitter last October, corporate advertisers have fled in response to the billionaire laying off thousands of employees. https://www.jpost.com/business-and-innovation/article-728868 Here's what Twitter lost in advertising revenue in final months of 2022 https://www.reuters.com/technology/...rtising-revenue-final-months-2022-2023-01-19/
For those not following the news over the weekend -- someone has printed out Twitter's entire current organization chart. There are only 1300 employees. Musk tried to push on Twitter that there are 2300 employees -- which was quickly debunked as yet another laughable lie from Musk. The Trust and Safety team has a mere 20 employees -- while Musk claims there are hundreds. A untrue claim that was quickly mocked on social media. Musk can't even get the number of people who came over to Twitter from his other companies correct -- claiming there are only 10 while to org chart shows 130. Twitter Reportedly Employs Just 1,300 Full-Time Workers, Musk Says 2,300 This staff count, reported by CNBC, means Twitter has lost over 80% of the 7,500 employees it had before Elon Musk took over the company at the end of October. https://www.pcmag.com/news/twitter-reportedly-employs-1300-full-time-workers-musk-says-2300 After layoffs and terminations under Elon Musk, Twitter reportedly employs just 1,300 full-time working employees. Fewer than 550 are full-time engineers, while the company’s trust and safety team has around 20 full-time workers, according to internal records seen(Opens in a new window) by CNBC. This staff count means Twitter has lost over 80% of the 7,500 total employees it had before Musk formally took over the company at the end of October. Alongside mass layoffs, Musk has closed down a huge data center, Twitter’s Seattle office, laid off janitorial and cleaning staff across company offices and terminated a work-from-home forever policy that had been rolled out under previous CEO and founder Jack Dorsey. CNBC also reports that there are 1,400 non-working employees who are still on the company payroll, many of whom resigned from their positions when Musk sent out a pledge in November asking them to commit to “hardcore” work. The report was slapped down by Musk, who tweeted(Opens in a new window) there are roughly 2,300 “active, working employees at Twitter” alongside “hundreds of employees working on trust & safety.” He adds that fewer than 10 people from his other companies had gone to work at Twitter, rebutting the same CNBC report that alleged 130 people from companies including Tesla, SpaceX, and The Boring Company were working at Twitter. Earlier this week, Tweetbot and Twitterific shut down after Twitter updated its developer agreement(Opens in a new window) to officially ban third-party clients from using the company’s licensed materials to “create a substitute or similar service.” The move came after days of silence from the company amid third-party clients breaking after Twitter restricted the use of its API.
Yep... Elon is now directly funding Nazis. Elon Musk finds himself in in hot water after backing neo-Nazi group with $100k grant https://www.unilad.com/news/elon-mu...r-after-backing-neonazi-group-845417-20230122
The advertising revenue situation under Musk just keeps getting worse. Even if a large media company owner was deliberately trying to sink their advertising revenue -- it is hard to drop this quickly. Desperation Sets In: Twitter Offers To Match $250,000 In Ad Spending To Lure Pissed Off Advertisers Back https://www.techdirt.com/2023/01/19...spending-to-lure-pissed-off-advertisers-back/
Elon better come up with a new business plan. He basically is making no money from Twitter Blue subscriptions. Elon Musk's Twitter Blue Subscriber Base Growth 'Hasn't Even Doubled' Month After Relaunch https://www.benzinga.com/news/23/01...rowth-hasnt-even-doubled-month-after-relaunch
Everyone is glad when the owner clown is not around. SpaceX employees say they are relieved Elon Musk is focused on Twitter because there is a calmer work environment at the rocket company https://www.msn.com/en-us/money/oth...ket-company/ar-AA16thx0?ocid=wispr&li=BBnb7Kz
Quickly going down the flusher. Great job, Elon. Twitter sees ad spending fall over 70% in Dec Twitter saw ad revenue in December fall 71% from a year ago as top advertisers slashed their spending https://www.foxbusiness.com/technology/twitter-sees-ad-spending-fall-over-70-dec
Musk allows Nazi back on Twitter. Takes a mere 24 hours for the Nazi to get suspended. Maybe Elon will start to understand why these accounts were banned in the first place, but I doubt it.