Elon Musk took over a struggling business with Twitter and has quickly made it worse

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Elon Musk has a lot of work to do to regain the trust of advertisers, but he seems more inclined to push them further away.

, Twitter's former head of consumer product, called it "a mistake for Elon to be the face of content moderation." In the past, Twitter has taken a team approach to policy violations.

Data from MikMak, whose clients include Colgate, Unilever and General Mills, show a broad pullback in ad spending on Twitter. From Oct. 1 through Nov. 7, Twitter suffered a 68% drop in media traffic, which refers to the number of times people click on an ad, according to MikMak. Whatever tech and business improvements were taking place will be difficult to sustain, as the mass layoffs ate into Twitter's global marketing team, whose responsibilities include reporting and metrics around ad performance, CNBCMusk has turned his focus to subscriptions as the key to reviving Twitter's financials. He'san $8-a-month offering that allows people to be "verified" and gain premium features.

The "big issue for him I would think would be trust," Turner said. "I don't see people trusting him with all of that information."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cool story. That will be $8 please.

Bullsh... :) Lies after lies

It's going to the dump regardless musk took over or not.. just be glad he did something about it to save tweet.. lucky dog jack dorsey

elonmusk TwitterBlue

Says the KARDASHIANS of financial news lol

He got a social network with poor financial performance, anti-social accounts, bots and spammers. Yes, he will have to solve difficult tasks to correct these problems. I wish E. Musk success in this matter.

he wil spred truth around the world so thats a big problem for al the fake news chanels 😂😂😂😂 f... you cnbc and f... you bosses in the pentagon

I love Twitter!

He’s just trying to get his investment back. So eliminate the salaries.

The activist they have an issue with Elon when he fired half of the company as if all those people worked on the content moderation they are just not happy that he has bought the company it’s a lame excuse Facebook has just fired 11k they don’t have an issue with it hypocrites

He’s only had it a month. Patience! There’s a genius at work! He will make it great!

CNBC had Cramer and Tom Lee enough said . They should never be on that station again .

You're high

Elon never built anything. His teams did. He fired his team here

Well, he’s at least $8 richer with that cheeky check mark you purchased CNBC!

Buyers remorse maybe 🤔 🤑😂😂

Is CNBC anti-musk? Every article has criticized him unfairly. But I guess CNBC corporate is pro-Democrat now. Oh how the turntables.

As you post this on Twitter. Y'all are a bunch of clowns. 🤡

It's like the same thing. Tweet and scroll.

And he will fix it , give him time to access the issues . Solving complex problems require trial and error

Says haters of free speech

He took over 10 days ago!!!

Cnbc stop sucking Democrat balls. Cnbc gets deeper up Democrat a**.

That’s incorrect CNBC Another case of bad reporting .

From an informational and news standpoint, Twitter is better than it has ever been. Thank you elonmusk

Experts at CNBC thought Twitter will become instantly profitable within 3 weeks of Musk... 🤡 🤡 🤡 But pumped FTXCRASH SBF the sheister scammer huckster swindler liar for years bc he gave millions to dems

CNBC is a pile

Pay the 8!

Is he really making it worse or are we finally seeing behind the curtain a bit? Kind of seems like the curtain being pulled back.

8$ bitches

This is why I remain on Twitter.

Twitter was profitable. Now it's not. That's all you need to know.

$8

Y’all know a lot about a private company now I see why he made it private so you can’t control the narrative

$8

MahsaAmini

It's his money to burn hHa

Trust is critical and it has to collectively be restored.

Never happy until you’re miserable is my maxim

Elon musk=poor 👉

keep your bias to yourself

Thank god Elon bought Twitter. Gotta remember MSM is the mouth piece for extremely wealthy people pushing wokester politics

Has he really made it worse though? What's he done exactly other than increasing efficiency and adding a new paid service that finally allows people to edit tweets?

Your network is a joke

Cann't trust this

to obtain anything, something of equal value must be lost. 😏

It’s hotter now then it’s ever been. They must be doing something right.

United States United States Latest News, United States United States Headlines