He didn't.
He bullshitted his way into it. Serves him right. No online business that doesn't actually trade, sell, or produce anything, is worth billions of dollars.
I hear there are adverts on Twitter (none has ever made it past my adblockers), but nobody is getting rich on internet advertising revenue of pennies per thousand clicks.
So that leaves exploiting the users by charging them for stuff that's been standard and free until now, like blue ticks and ...having arguments. Cue mass user exodus.
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brb Monkhouse Stampede, Sat 5 Nov 2022, 13:54,
Reply)
> nobody is getting rich on internet advertising revenue of pennies per thousand clicks.
Google, Microsoft, and Facebook would very much disagree with you there
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evil_andy Stick stick stick stick sticky sticky stick stick, Sat 5 Nov 2022, 14:35,
Reply)
I... Have no counter argument. You're right.
However, since Musk took over some of Twitter's biggest advertisers have pulled out. When he starts charging for blue ticks and debates the user base will probably shrink, further diminishing the value of the advertising space.
I guess the goal is to make Twitter more profitable on paper through hotshotting before turning it public, cashing in, and rapidly cashing out. I hope it's a miserable failure.
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brb Monkhouse Stampede, Sat 5 Nov 2022, 15:37,
Reply)
There's a big difference between big corps spending on online ads
and those ads making money. I'm 100% prepared to believe that all the marketers know it has negligible value but it's their job to sell advertising (as a strategy) to their bosses as much as it is to sell adverts.
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simbosan is too tired, Sat 5 Nov 2022, 21:19,
Reply)