217
submitted 2 weeks ago* (last edited 2 weeks ago) by girlfreddy@lemmy.ca to c/news@lemmy.world

Cross-post from https://lemmy.world/post/16743494

While the New York Times reported last week that executives at the beleaguered platform had assured employees that 65 percent of advertisers had returned, documents obtained by Bloomberg show that revenue has overall cratered since owner Elon Musk took over in late 2022.

Now, Musk and CEO Linda Yaccarino are back in damage control mode, trying to scrounge up some much-needed funds at this year's Cannes Lions festival in southern France. The mercurial billionaire reportedly met with executives from the likes of the NFL, L'Oreal, Qualcomm, and Target, according to new reporting by the NYT.

But whether these measures will help Musk's hate speech-ridden echo chamber from bleeding hundreds of millions of dollars per quarter remains to be seen.

After all, who could forget that Musk quite literally told advertisers to go fuck themselves in November — fighting words that likely didn't sit well with the execs he's now pleading to return to X.

all 18 comments
sorted by: hot top controversial new old
[-] thechadwick@lemmy.world 84 points 2 weeks ago

“I don’t want them to advertise,” Musk said. “If someone is going to blackmail me with advertising or money go f*** yourself. Go. F***. Yourself,” he said. “Is that clear? Hey Bob [Iger, CEO of Disney], if you’re in the audience, that’s how I feel."

  • the guy who bought the website for 40+ billion dollars.

[-] mozz@mbin.grits.dev 46 points 2 weeks ago

The arc of fucking around is long but it bends towards finding out

[-] pacmondo@sh.itjust.works 16 points 2 weeks ago

Except that Tesla is approving a bonus for Musk greater than the cost of his purchase of Twitter...

[-] FlexibleToast@lemmy.world 13 points 2 weeks ago

And greater than the profit the company has ever made and a couple orders of magnitude higher than the salary they saved from their layoffs.

[-] mozz@mbin.grits.dev 12 points 2 weeks ago

Yeah but he looks stupid. Whatever happens, I don't think he's ever going to have to worry about finances, like worry if he can afford something he actually needs, like food or housing or vehicles or anything. So I don't think the bonus will really make any difference; although I'm sure it is nice and he can buy himself some vanity project with it.

He could still today have been the boy genius billionaire who invented going to Mars, in the public perception, and now he's a fat thin-skinned laughingstock who has to go on his own social network and puff himself up through fake accounts and whose kids don't want to deal with him. There's not a bonus in the world that'll make that feel better.

Honestly, I think the issue was being insulated from consequences for too long. If you go a sufficient length of time with enough advantages that whatever you do, nothing really all that bad can happen, you start to forget that it's possible, and you start doing and saying bonehead things because your brain has lost track of the concept that it might not work out great. It is a tough place to be, and I wish for him that soon is the redemption arc where he posts his big apology for being a moron and takes his hands off Twitter and starts investing in work on climate change.

[-] dustyData@lemmy.world 4 points 1 week ago* (last edited 1 week ago)

Yeah, but they're just doing it because they know that Tesla is grossly overvalued, and as soon as he leaves the post the reality distortion bubble bursts and their precious stock will overcorrect into loses. They want some more time to put through the correct paperwork so when they sell right before the bubble burst it doesn't look like insider trading.

[-] foggy@lemmy.world 82 points 2 weeks ago* (last edited 2 weeks ago)

"Go fuck yourselves 😈"

-Elon Musk to advertisers, Nov 2023

"Wait no plz so sry 😢 come back"

-Elon Musk to advertisers, Jun 2024.

[-] cmbabul@lemmy.world 7 points 1 week ago* (last edited 1 week ago)

The NFL is as far from a benevolent organization as I am from Henry Cavill in the looks department, but it’s funny as hell to me that Elon thought he could strong arm the National Football League and the egotistical billionaires that own all the teams

[-] ieatpwns@lemmy.world 19 points 2 weeks ago

This is like that episode of family guy where Peter curses everyone out, burns down a cabin, everyone leaves, then, they all come back and save him. Sometimes you just gotta let the idiots deal with the consequences of their actions. Or sometimes they get REALLY lucky.

[-] BeigeAgenda@lemmy.ca 18 points 2 weeks ago

It's nice to read some good news #wholesome

[-] ohlaph@lemmy.world 8 points 1 week ago
this post was submitted on 20 Jun 2024
217 points (99.1% liked)

News

21707 readers
4006 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS