:Twitter Chief Executive Elon Musk on Tuesday said that the messaging service makes about 5 or 6 cents per hour of attention from users and could raise that to 15 cents or more with advertisements that are more relevant and timely.Musk, who was speaking at an investor conference that was webcast, said it was
:Twitter Chief Executive Elon Musk on Tuesday said that the messaging service makes about 5 or 6 cents per hour of attention from users and could raise that to 15 cents or more with advertisements that are more relevant and timely.
Musk, who was speaking at an investor conference that was webcast, said it was"startling" how poorly Twitter managed to make money off the service. Twitter has been marked by chaos and uncertainty since Musk acquired Twitter for $44 billion in October. On Monday, Twitter suffered a bug that prevented thousands of users from accessing links, its sixth major outage since the beginning of the year, according to internet watchdog group NetBlocks.
Some advertisers have fled Twitter due to the uncertainty over how Musk, who has called himself a"free speech absolutist," would approach content moderation. Ad spending by Twitter's top 30 advertisers fell 42 per cent in November and December combined, according to estimates from Pathmatics by Sensor Tower.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Turkish competition board says fines Elon Musk over Twitter takeoverISTANBUL : The Turkish Competition Board said on Monday it had decided to fine billionaire Elon Musk 0.1 per cent of Twitter's gross income in Turkey in 2022, as his takeover of the company occurred without the board's permission.The board said in a statement that the ruling would be open to a legal chall
Read more »
Twitter fixes links outage that hit thousands of usersThousands of Twitter users reported problems accessing links from the social media platform and other websites on Monday, before the Elon Musk-owned company said it had fixed the latest in a series of outages. Musk tweeted that a small change with Twitter's data-access tool had caused the problem. 'The cod
Read more »
Twitter's lead EU regulator concerned over blue tick roll-outDUBLIN : Twitter's lead European Union privacy regulator said on Tuesday she was concerned that the Elon Musk-owned U.S. firm had launched its Twitter Blue subscription service in the region without consulting her office, despite a pledge to do so. Twitter, which did not immediately respond to a request f
Read more »
Twitter's lead EU regulator concerned over blue tick roll-outDUBLIN, Ireland - Twitter's lead European Union privacy regulator said on Tuesday (March 7) she was concerned that the Elon Musk-owned US firm had launched its Twitter blue subscription service in the region without consulting her office, despite a pledge to do so. Twitter, which did not immediately respond to a request for comment, has in recent days launched the...
Read more »
Wagner army chief says Russian position at Ukraine’s Bakhmut may collapse without more armsThe Ukrainian defence at besieged city Bakhmut is holding, said a Kyiv officer. Read more at straitstimes.com.
Read more »
Saudi sponsorship won't align with vision for women's World Cup, says Football Australia chiefFootball Australia (FA) and its stakeholders have reached an 'overwhelming consensus' that a reported Saudi Arabia sponsorship deal does not align with their vision for the women's World Cup, FA chief executive James Johnson said on Monday.Both FA and New Zealand Football said last month that they had not
Read more »