Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue • Hacker News Board

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

#91

Post by paulsutter » Mon, Jun 05, 2023, 6:48 PM UTC

JumpCrisscross wrote: post #90

paulsutter wrote: post #88

Earlier quoted context omitted.

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.

That's not how private companies work, and that's not how bankruptcy works either

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

#92

Post by anigbrowl » Mon, Jun 05, 2023, 8:08 PM UTC

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

Another way to look at it is that it's the lowest common denominator. It's 'news' in the same way that McDonalds is technically a restaurant.

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

#93

Post by anigbrowl » Mon, Jun 05, 2023, 8:27 PM UTC

swimorsinka wrote: post #59

Given that 2/3rds of the employees are now gone, doesn’t this mean that the business is still viable?

Why not just fire everyone, and Elon can run it on 1% of its original revenue?

brb, drafting a valuation of my economic activity at randint(10^9)