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Rise in hate speech on Twitter driving advertisers away

Published

11 months ago

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As Twitter’s ability to moderate hate speech suffers, advertisers are fleeing the platform and hurting the company’s bottom line

Twitter’s advertising revenue fell almost 60% throughout April and early May from a year ago, and the company regularly fails to meet weekly sales projections by roughly 30 per cent, according to the New York Times.

That equates to losses of almost US$90 million over that time.

Advertisers, the primary source of income for the platform, are fleeing Twitter amid a marked rise in hate speech on the platform.

Elon Musk bought the company for US$44 billion in October 2022, and immediately started cutting staff in content moderation and other roles as a means to reduce overheads.

The tech billionaire, who describes himself as a “free-speech absolutist”, has said in recent months that the company is on the way up.

He may have other things on his mind, however.

Musk has recently agreed to hold a caged fighting match with fellow tech billionaire and Facebook founder, Mark Zuckerberg.

The pair recently began exchanging plans for the fight, which, if all goes to plan, will be held in an octagon in Las Vegas.

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Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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3 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

Published

4 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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