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Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

nytimes.com

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Re: Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

#81

Post by rsynnott »

smotched wrote: post #9
dragontamer wrote: post #6

Earlier quoted context omitted.

By my reading, it is a very factual set of allegations but 'according to internal documents' that NYTimes isn't releasing. Every statement is described as 'According to Internal Document'. Meaning it's a report on a leaked Twitter presentation. Which means that Twitter itself likely knows it's true and probably has an idea of what document this Newspaper is talking about. Just because it's private doesn't mean that i…

but also "anonymous source" has been used to write anything the paper actually just wants to say

Every time there’s an article about virtually anything on Hacker News, this line comes up. Tell me, how do you think the media should report on governments and companies, if not through protected sources? Like, do you want them to just be press release machines?

Re: Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

#82

Post by softbt »

phyrex wrote: post #22
paulsutter wrote: post #16

I use Twitter to keep up on AI and the new space industry (there really is no alternative). Revenue could shrink further and none of that would be lost. Growing revenue could let them improve things I don't care about (spaces, video, payments, etc). I guess yay for them if they improve revenue, yawn if they don't.

What a shortsighted view! Do you think Twitter operates out of the goodness of their hearts and will continue to let you keep up on Ai and new space in the face of losing money? Do you think what’s there will just do to help working without active maintenance? Do you think the servers that make all this possible are running for free?

Lol no twitter def doesn’t run out of goodness but if Elon wants to keep the view count high, he’s going to continue to allow any sort of engagement

Re: Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

#85

Post by drcongo »

hackernewds wrote: post #43
drcongo wrote: post #11

Earlier quoted context omitted.

I think you're rather missing the point the parent was making. It doesn't matter what you're there for, if the experience feels Fox-News-like, a lot of people will leave. The people remaining will be those who like Fox News.

Fox news is the biggest news organization in the US by viewership, which seems to be a positive shift then? This does not reflect in the numbers

"in the US" is doing a lot of heavy lifting in that sentence. The entire rest of the world thinks Fox News is grotesque. Twitter becoming something that's a laughing stock to most of the planet is probably not "positive".

Re: Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

#88

Post by paulsutter »

JumpCrisscross wrote: post #68
paulsutter wrote: post #16

I use Twitter to keep up on AI and the new space industry (there really is no alternative). Revenue could shrink further and none of that would be lost. Growing revenue could let them improve things I don't care about (spaces, video, payments, etc). I guess yay for them if they improve revenue, yawn if they don't.

> Revenue could shrink further and none of that would be lost $88mm per month is ~$1bn per year. That yields a low single-digit enterprise value on a generous revenue multiple, which implies—as do Twitter’s bond prices—that the equity is already worthless. (Twitter Blue is revenue irrelevant [1].) [1] https://techcrunch.com/2023/03/24/twitter-blue-subscriptions...

Right, and that would matter if we owned equity, but we don't, so?

Re: Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

#89

Post by blitzar »

paulsutter wrote: post #31
phyrex wrote: post #22

Earlier quoted context omitted.

What a shortsighted view! Do you think Twitter operates out of the goodness of their hearts and will continue to let you keep up on Ai and new space in the face of losing money? Do you think what’s there will just do to help working without active maintenance? Do you think the servers that make all this possible are running for free?

Their revenue is massively larger than the cost to run their servers (I used to run 3000 physical servers with a small team, it doesn't cost much) > advertising revenue for the five weeks from April 1 to the first week of May was $88 million

Servers may be cheap to run, but the interest bill on ~20bn of loans is expensive.

Re: Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

#90

Post by JumpCrisscross »

paulsutter wrote: post #88
JumpCrisscross wrote: post #68

Earlier quoted context omitted.

> Revenue could shrink further and none of that would be lost $88mm per month is ~$1bn per year. That yields a low single-digit enterprise value on a generous revenue multiple, which implies—as do Twitter’s bond prices—that the equity is already worthless. (Twitter Blue is revenue irrelevant [1].) [1] https://techcrunch.com/2023/03/24/twitter-blue-subscriptions...

Right, and that would matter if we owned equity, but we don't, so?

> that would matter if we owned equity, but we don't, so?

Equity being worthless means imminent bankruptcy. That means, at a minimum, operational disruptions, challenges over control and possibly the end of Twitter as an independent concern.

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