Advertising customers flee
Musk complains: sales on X “not impressive”
Tech billionaire Elon Musk has complained about the business of his online platform X. "Our user growth is stagnating, revenue is not impressive and we are barely making ends meet," an email to his employees was quoted as saying.
Musk is portraying the Wall Street Journal report as false. "I sent no such email. The WSJ is lying," he said. At the time, however, the technology blog "The Verge" had also confirmed the quote with its own source. Musk repeatedly accuses the media of spreading lies and propaganda.
X is based on the short messaging service Twitter, which Musk bought in October 2022 for around 44 billion US dollars (the equivalent of 42.02 billion euros). As the company has not been listed on the stock exchange since then, there is no publicly available information on how the business is doing.
Purchase deterred customers
What is known, however, is that sales plummeted after the takeover. The purchase by the polarizing billionaire alone deterred some advertising customers. In addition, researchers have shown how their ads can appear alongside posts containing hate speech. Musk had largely lifted Twitter's content restrictions for posts.
The head of the Facebook group Meta, Mark Zuckerberg, also recently announced that he would be reducing the content restrictions for posts. This could threaten advertising customers with problems similar to those at X.
This article has been automatically translated,
read the original article here.
Kommentare
Willkommen in unserer Community! Eingehende Beiträge werden geprüft und anschließend veröffentlicht. Bitte achten Sie auf Einhaltung unserer Netiquette und AGB. Für ausführliche Diskussionen steht Ihnen ebenso das krone.at-Forum zur Verfügung. Hier können Sie das Community-Team via unserer Melde- und Abhilfestelle kontaktieren.
User-Beiträge geben nicht notwendigerweise die Meinung des Betreibers/der Redaktion bzw. von Krone Multimedia (KMM) wieder. In diesem Sinne distanziert sich die Redaktion/der Betreiber von den Inhalten in diesem Diskussionsforum. KMM behält sich insbesondere vor, gegen geltendes Recht verstoßende, den guten Sitten oder der Netiquette widersprechende bzw. dem Ansehen von KMM zuwiderlaufende Beiträge zu löschen, diesbezüglichen Schadenersatz gegenüber dem betreffenden User geltend zu machen, die Nutzer-Daten zu Zwecken der Rechtsverfolgung zu verwenden und strafrechtlich relevante Beiträge zur Anzeige zu bringen (siehe auch AGB). Hier können Sie das Community-Team via unserer Melde- und Abhilfestelle kontaktieren.