Elon Musk says advertisers are fleeing Twitter

On the identical day that Twitter is present process huge layoffs, Chief Twit Elon Musk is throwing gas on the fireplace by claiming that advertisers are leaving the social media platform.

In a tweet, Musk stated that the corporate has skilled a “huge” lower in income, however didn’t specify over what time period that occurred. As well as, the brand new proprietor/CEO/Helpdesk Hotline claimed that the explanation for the income decline was “on account of activist teams pressuring advertisers.”

He went even additional, claiming that these unnamed activist teams have been “attempting to destroy free speech in America” by pressuring advertisers to depart the platform.

Twitter has had a large drop in income, on account of activist teams pressuring advertisers, though nothing has modified with content material moderation and we did every thing we may to appease the activists.

Extraordinarily tousled! They’re attempting to destroy free speech in America.

— Elon Musk (@elonmusk) November 4, 2022

Musk didn’t present any perception into which advertisers had left or which activist teams had reportedly pressured these firms into leaving the platform, so it’s presently unclear if something he stated is correct. Nevertheless, it certainly did one factor, and that was to rile up customers on the platform. The tweet, which occurred on Friday morning, already has virtually half 1,000,000 likes.

Whereas it’s unclear which advertisers Musk was pointing at with the accusation, there are some firms who’ve paused promoting on the platform. As famous by The Verge, Basic Motors, Basic Mills, and Audi have all quickly halted promoting on Twitter after Musk’s acquisition of the corporate.

Simply final week, Musk took to Twitter to attempt to reassure companions that Twitter would stay a superb platform for advertisers. The brand new proprietor stated that he would guarantee Twitter didn’t turn into a “free-for-all hellscape.”

With as we speak’s shift, it seems that Musk’s relationship with advertisers is off to a rocky begin.

All of that is taking place as the corporate undergoes a large restructuring that features huge layoffs impacting roughly half of Twitter’s workers. Subsequent week, the corporate can also be pushing to launch its new $8 monthly model of Twitter Blue which would come with verification.

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