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Rise in hate speech on Twitter driving advertisers away

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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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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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