• ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
    link
    fedilink
    arrow-up
    7
    arrow-down
    1
    ·
    2 years ago

    It’s all going to depend on whether he figures out a way to monetize Twitter. One way that was floated before was to create a paid tier and use that as a source of revenue instead of ads and analytics. Cutting down 75% of employees and moving to this model could actually make Twitter profitable.

    • pingveno@lemmy.ml
      link
      fedilink
      arrow-up
      4
      ·
      2 years ago

      I’m curious where that 75% of employees would even come from. I have my doubts that they can just slice off 3/4 of their workforce and not jeopardize the long term viability of the company. Not to mention I assume tasks like reviewing reported tweets must be highly labor intensive.

      It looks like they have monetized their API. I can’t see how they monetize the actual UI itself.

      • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
        link
        fedilink
        arrow-up
        7
        arrow-down
        1
        ·
        2 years ago

        My experience is that SV companies tend to hire people as part of demonstrating growth to investors. Layoffs starting with the data engineering team is suggestive that they may deprioritize analytics going forward. Twitter having less moderation going forward is also highly likely. At the end of the day these companies just care that enough users stay on the platform to monetize. Remains to be seen where this goes, but it’s certainly possible for twitter to be profitable if they focus on direct monetization. For example, if they charge a fee for blue check accounts that could create a significant revenue.

        • pingveno@lemmy.ml
          link
          fedilink
          arrow-up
          8
          ·
          2 years ago

          The irony is that Twitter isn’t even really that big of a platform as Internet giants go. It has outsized influence because it’s the platform of choice for media outlets, journalists, celebrities, etc.