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

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

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

Even better.

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]


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

When Musk said he wanted twitter to be the town square he was clearly meaning a medieval town square with people throwing their chamber pots out the windows and the streets running with effluent and the wells tainted with cholera.

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.

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