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AlternActive@lemmy.world to Reddit@lemmy.world · 2 years ago

Seen on reddit: Ran out of advertisers. Why? Yes.

i.imgur.com

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Seen on reddit: Ran out of advertisers. Why? Yes.

i.imgur.com

AlternActive@lemmy.world to Reddit@lemmy.world · 2 years ago
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  • baked_tea@sh.itjust.works
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    2 years ago

    Well few days ago their valuation by I think Fidelity got cut from 10b to 5.5b. That should tell you something

    • Paradox@lemdro.id
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      2 years ago

      That was before the whole clown show. The valuation cut was dated May 31st

      • OneDimensionPrinter@lemm.ee
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        2 years ago

        Even better.

        • PoppinKREAM@sh.itjust.works
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          2 years ago

          Steve Huffman just following the footsteps of Elon Musk, during a recent interview Spez said he liked what Musk was doing with Twitter.

          Twitter has lost 59% of their advertisement sales since Musk bought it.[1](https://www.nytimes.com/2023/06/05/technology/twitter-ad-sales-musk.html)


          1. New York Times - Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

          1. [1] ↩︎

          • LongbottomLeaf@lemmy.nz
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            2 years ago

            PoppinKREAM!!! In the fediverse!! Oh hell yeah!

            • BackStabbath@lemm.ee
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              2 years ago

              I need context lol, who’s Poppincream?

              • LaLiLuLuCo@sh.itjust.works
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                2 years ago

                Reddit User who would show up with cited sources debunking bullshit other people would ardently defend in lieu of educating themselves.

          • sarcasticsunrise@lemmy.world
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            2 years ago

            Yay Poppin!

    • Overzeetop@lemmy.world
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      2 years ago

      The cut was multi-staged and started middle of last year. The most recent cut was relatively small (10-15% iirc). As others have pointed out, that reduction doors not take into account the recent self-inflicted wounds.

      • Radicalized@lemmy.one
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        2 years ago

        It’s down almost 50% since they bought in in 2021 lmao

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