this post was submitted on 20 Sep 2023
177 points (72.8% liked)
Technology
57651 readers
6281 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Before Musk took over, Twitter was profitable. So you know you can make a profit without asking for subscription, and while being honest with ads (they were labeled and vetted properly).
That is not true. Twitter was not profitable and they were never "honest". They engaged in ad tracking and data mining like all Big Tech.
Source: https://www.macrotrends.net/stocks/delisted/TWTR/twitter/gross-profit
And at least they labeled their ads accordingly. People have reported that ads were not labeled in their feed in the last month.
https://www.brex.com/journal/gross-profit-vs-net-profit
Twitter made a small profit in 2018 and 2019. They lost money in every other year.
In fact the year before Musk started ranting about buying it, they reported their biggest loss ever.
The company was a disaster before and after Musk.