Categories
Uncategorized

Musk lost Twitter as much as $75 million of 2023 ad revenue in final quarter because he condones neo-Nazism content on platform

A review of internal documents by the New York Times shows that the company previously known as Twitter–purchased by Elon Musk just over a year ago when he killed one of the most recognizable brands on the internet–could lose as much as $75 million in advertising revenue in the final quarter 2023, largely due to major advertisers abandoning the platform because of its catering to hate groups and Musk’s endorsements of white nationalist and neo-Nazi posts.

Twitter (intentionally dead-named) reported $1.57 billion in the fourth quarter of 2022, before Musk took over the company in a $44 billion purchase.  The documents reviewed by the Times shows ad contract placements by companies like Airbnb, Amazon, Coca-Cola and Microsoft being suspended, with an initial estimate showing a loss of $11 million, but a follow-up report developed after Musk’s November 15th report endorsing a neo-Nazi view, more than 100 brands puts holds on their advertising agreements.  In reaction to that, internal documents show Twitter executives calculating the losses causes by Musk would reach $75 million in the fourth quarter, traditionally one of the heavy revenue generating periods for the company.

Created by potrace 1.16, written by Peter Selinger 2001-2019

Judge denies TMTG bid to hit De Moraes with restraining order

8 minutes ago

Mysterious “DOGE Administrator” revealed!

44 minutes ago

“You can protest all you want”

1 hour ago

Blondi proud of inhuman conditions suffered at Guantanamo

2 hours ago

Kevin Cramer’s skull oozing profusely

2 hours ago

Spanberger 39 – Sears 24 in Virginia gov race: poll

3 hours ago

Right on time, almost

4 hours ago

“That’s why the 60 Minutes episode rubbed people the wrong way”

5 hours ago

Regime DOJ says pardon covered Oath Keeper’s hand grenades

6 hours ago

Nicole Malliotakis pretty much gives up on excuses for DOGE

7 hours ago

Mike Johnson sets mega MAGA budget vote for Monday evening

7 hours ago

Australian fisher becomes the fished

7 hours ago

Soros or Xi or Bill Gates or someone paid for this

8 hours ago

European Tesla sales drop 45 percent in January

9 hours ago

Private sector solution to deportations eyed by private sector

9 hours ago

Senate delaying Stefanik confirmation vote

10 hours ago

Picasso no longer available for adoption in Muscatine, Iowa

18 hours ago

Los Angeles ICE raid sweeps up 12 out of 120 targeted

19 hours ago

Coast Guard urges Great Lakes-area residents to be careful on ice

22 hours ago

Wyoming Republican suddenly in favor of “preferred pronouns”

23 hours ago

Judge denies AP bid for injunction on White House access

23 hours ago

Denny’s to begin surcharging for eggs

24 hours ago

WATCH LIVE: Macron stuck next to demented old piss fetishist

1 day ago

“Non-responses are not considered a resignation”

1 day ago

Florida Quebecois-American Trump fan motelier annoyed by consequences, says countrymen ghosting him “way overreacting”

1 day ago

Russian tourist poses for pic while hanging out of train in Sri Lanka

1 day ago

How long until Republicans start shrieking “insurrection” again?

1 day ago

Wall Street already tired of Trump’s bullshit and volatility

1 day ago

House GOP looking to impose work requirements on SNAP

1 day ago

Fox News reject fails upward to Deputy FBI Director

2 days ago

Orange Fuhrer freaking out over Michael Wolff book, again

2 days ago

Frederich Merz on track to become next German chancellor

2 days ago

Cleanup on Aisle MAGA

2 days ago

Regime to deport unaccompanied undocumented minors to protect them from sex trafficking and other exploitation: memo

2 days ago

Jeffries not ready to lift a finger to help House GOP fund government

2 days ago

Fox News excited Idaho maniac could face firing squad

2 days ago

Pope Francis in “critical condition”

3 days ago

WATCH LIVE: CPAC shitshow, Day 3

3 days ago

“ELON IS DOING A GREAT JOB, BUT”

3 days ago

Missouri Republican intros bill creating pregnancy registry

3 days ago

Movie Night Friday: Everest

4 days ago

Massachusetts teenagers rescued from waist-deep snow

4 days ago

Nice “gotcha” there, you fucking idiot

4 days ago

Acting ICE director sacked

4 days ago

Dow Jones sinks below January 20th level

4 days ago

“This is a deeply personal matter that is being unfairly exploited for political purposes”: Cory Mills’s not-wife after alleged assault

4 days ago

Report: Trump to join Putin for World War II victory parade

4 days ago

Capitol Police arrest Enrique Tarrio

4 days ago

Patriotic Red Stater chooses to celebrate Second Amendment

4 days ago

Judge appoints special counsel to fight Adams dismissal

4 days ago

x
x
x
x
x
x