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Reblogged by jeffsonstein ("Jeff Sonstein"):
FrankPasquale ("Frank Pasquale") wrote:
Twitter “was generating $5bn of revenue per year, and coming close to breaking even.
The overwhelming majority of this revenue was from advertising, but according to Musk’s thesis that revenue stream was garbage. He would deprioritise ads, reduce moderation, and boost the posts of people who would pay $8 a month for a blue tick.The results have been catastrophic.”
https://www.theneweuropean.co.uk/the-slow-sad-death-of-twitter/