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Rise in hate speech on Twitter driving advertisers away

Published

1 year 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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Niche accountants proving essential to e-commerce success

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6 hours ago

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October 9, 2024

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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11 hours ago

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October 9, 2024

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Money

Financial stress deemed a leading cause of relationship breakdowns

Published

2 days ago

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October 8, 2024

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Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s Way, Andrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

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