Most of the world’s biggest advertisers have stopped buying ads on Elon Musk’s X, exclusive new data shows::Musk and X CEO Linda Yaccarino have recently stated that most of the company’s top-spending advertisers from last year have returned.

  • cheese_greater@lemmy.world
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    1 year ago

    Does anyone else consider it plausible that flushing $44 billion is worth the cost if it removes that meddlesome social media platform that activists rely on to syndicate human rights abuses and document all the other terrible stuff that happens around the world?

    There’s something way sketch about this entire narrative

      • Sarcastik@lemmy.world
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        1 year ago

        Bingo.

        That dick bag tried to rinse and repeat the same BS management strategy he used at a car company on a tech company and wouldn’t you know, it’s cratering right before or eyes.

        Shocking.

        • cheese_greater@lemmy.world
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          1 year ago

          Why can’t it be both? Maybe he’s a tool of someone, hell, he’s already a tool so 1/2 the work’s been done

      • OrangeJoe@lemm.ee
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        1 year ago

        This absolutely feels like a Hanlon’s razor type situation especially given what we have learned about Elon musk over the last 5 or so years. The whole evil genius shtick just doesn’t fly anymore. He’s an idiot who just happens to have made enough good or lucky business decisions in the past to get him where he is now.

    • RagingRobot@lemmy.world
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      1 year ago

      I don’t think so because another platform will pop up eventually. It’s too much money for a short term thing

      • Serinus@lemmy.world
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        1 year ago

        It’s probably a combination. He considered buying it for reasons including the above. He didn’t intend to pay $44 billion or actually buy the company. He didn’t intend to ruin it.

      • Lightor@lemmy.world
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        1 year ago

        Eventually could be a while, and during that time they don’t have to worry. Also, without it fully tanking and limping along, many will stay and have stayed. This removes the need for an immediate replacement and hurts the possible success of one as celebrities, companies, artists, etc can and do just stay on Twitter.

    • arc@lemm.ee
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      1 year ago

      There are other social media platforms so I don’t really see it. I just think Musk is a narcissist, egotist and utter hypocrite whose big mouth and lack of due diligence compelled him to buy the platform. And it turns out he’s really terrible at running a social media platform.

      • cheese_greater@lemmy.world
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        1 year ago

        For a lot of activists and oppressive governments, though, its all about like the short-term. If you get killed because of Twitters current bullshit or you can’t be as affective by using it as a digital-bullhorn to maybe effect change in a more peaceful way, its not as relevant to you personally and your persecutor de jour if Mastodon blows up and becomes the actual Next-Twitter

  • Buffalox@lemmy.world
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    1 year ago

    just two of its clients had purchased ads on X last month. That was down from 31 brands in September last year,

    This is a drop we have not seen before for any major advertising platform,

    Come on Elon, you got this. 😜

    Ebiquity said its analysis appears to contradict statements made by X CEO Linda Yaccarino

    Yes that’s what I thought, a bit of reality distortion and gas lighting the public will surely solve this. 😋
    Remarkable how much Elons tactics for the past few years remind me of Trump.

    • Sarcastik@lemmy.world
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      Ebiquity said its analysis appears to contradict statements made by X CEO Linda Yaccarino

      Yes that’s what I thought, a bit of reality distortion and gas lighting the public will surely solve this. 😋
      Remarkable how much Elons tactics for the past few years remind me of Trump.

      I think it’s called lying

  • BigBlackCockroach@lemmy.world
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    1 year ago

    Lmao Elon 😂

    BTW all his escapades are the biggest unpaid marketing campaign in recent history. He may not be doing it deliberately but clearly it’s working, media, and people continue to talk about Musk. This free puiblicity makes his businesses more likely to succeed as people are aware of every step he takes including new businesses.

    After careful consideration I revise my statement: Elon is the smartest person in the world as he has the most money. Just like McDonald’s has the best food as they’ve got the most sales.

  • Destraight@lemm.ee
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    1 year ago

    Oh wow you can’t even read the news article unless if you sign up for it. That is so stupid

  • Ashyr@sh.itjust.works
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    1 year ago

    It’s paywalled and I’m a little confused by the apparent disparity between the title and the claim that most of the advertisers have since returned?

    Which is it?

    • scarabic@lemmy.world
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      1 year ago

      The claim in the headline is based on one agency seeing only 2 of its 28 clients using X.

      The X statement says that about 90% of its biggest spenders from last year are advertising again.

      These could both be true. My opinion is that the first doesn’t mean much and the second is damn lies.

    • Buffalox@lemmy.world
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      1 year ago

      I am sure you can trust everything out of X. Just like you can trust Musk. If I remember correctly he claimed it was the Jews 😱 who were to blame for the decline in X advertisements. I guess he correctly identified the problem and fixed it. /S 😆

      • Ashyr@sh.itjust.works
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        1 year ago

        Yeah, I have no trust in Musk or X. I’m just trying to understand the actual circumstances. Just because I want X to fail and Musk to go bankrupt, doesn’t mean I should uncritically examine headlines that conform to my hopes and expectations.

        Edit: So the full story is the major advertising conglomerate is all but calling X and Musk liars. Delicious.

  • arc@lemm.ee
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    1 year ago

    I live in Ireland so there was always limited advertising on Twitter. There might be the odd campaign but it was blessedly free of ads in general. Then one day I logged in and it was a tidal wave of hot garbage - ads in Turkish, trade fairs in Chinese provinces, African NGOs etc. Just absolutely irrelevant bottom of the barrel dreck every 2 or 3 tweets in the feed. No matter how much I blocked there was more just like it.

    I don’t know if this was an aberration, a bug or a cynical attempt to screw over advertisers by draining their wallets. I just uninstalled Twitter and used the web version with an ad blocker. I don’t even see this shit any more. I wonder if the advertisers are still getting charged though. I hope they are though since paying $$$ for minimal engagement might convince them how worthless the platform is.