Revenue haemorrhage at Twitter.

From The Information:

A senior Twitter manager told employees that the company’s daily revenue on Tuesday was 40% lower than the same day a year ago, underscoring the crisis facing its core ads business, according to a person with direct knowledge.

In a staff meeting on Tuesday, Siddharth Rao, an engineering manager overseeing the engineers working on Twitter’s ad business, also told employees in a presentation that more than 500 of Twitter’s top advertisers have paused spending on Twitter since Elon Musk took over in October.

I fear for the poor engineers that —outside of their control— are suffering and will suffer job losses due to Elmo’s stupidity and revolting attitude.

I only hope that it affects Elmo’s pocket even more.

18 January 2023 — French West Indies

Matthew Cowen @matthewcowen