According to Musk, he has already caused a massive drop in revenue by taking over. Musk is saying to everyone from the layoffs of thousands of people that have already spurred a federal lawsuit that he is not going to do anything about it. Here is the tweet.
Many big companies have paused advertising campaigns during Musk's tumultuous takeover and ongoing mass firing event, which is not unreasonable. The failure of advertisers to provide revenue is an attempt to destroy free speech in America.
Advertisers have a bias towards stability and brand safety when it comes to spending, even though the responsibility of advertisers to support free speech is unclear. Sarah Personette, the executive in charge of leading its advertising business and brand partnerships, resigned after Musk took over.
Musk wants to turn away from advertising as a primary revenue source, but he hasn't launched his $8 per month blue package yet.
While he waits to attract millions of users to pay for features that used to be free, the business he just bought is 89 percent of last year's revenue. Musk began his tenure with a pitch to advertisers, telling them that it wouldn't be a "free-for-all hellscape"
He claimed that they did everything they could to appease the activists, but didn't provide evidence. The representatives from seven nonprofits wanted to discuss with Musk how to handle hate speech on the social networking site.
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