Comment on Twitter / X is losing daily active users. CEO Linda Yaccarino confirmed it.
harry315@feddit.de 1 year ago
What I find most interesting, though, is that there were only 250 Million daily active users in the first place. Musk paid like 176 bucks per user. There’s no way he could’ve milked that much revenue out of the users in any reasonable time frame.
Sure, there’s weekly and monthly active users, but how many ads can you possibly show someone who spends 5 minutes per week on formerly-known-as-Twitter?
Oh I don’t know… twitter was probably seen as good tool for more pump & dump and other financial scams, not to mention the opportunity to influence worldwide politics.
Then there’s the wish to turn it into an everything app with micro transactions at every step of the way. Such a beast wouldn’t get far in the EU, and probably not the US either.
Takios@feddit.de 1 year ago
Looking at his recent posts it looks like he didn’t buy it to make money but to increase his influence. Just recently he promoted a post that calls to vote for the farright party in Germany for example.
FlyingSquid@lemmy.world 1 year ago
That was the one bonus to him. He bought it because he made a stupid 420 joke that had legal ramifications (and not for the first time). He tried to back out of buying it but it was too late.
Corkyskog@sh.itjust.works 1 year ago
I thought it was just a way to sell a shitload of Tesla shares while the market was high, without it making it look like he wanted to sell TSLA. But then he got caught by the tail, and now he is just making what he thinks is best out of the situation. When life gives you Twitter, make it X? Idk.