Is that a sufficiently complex excuse?
Elon Musk revealed Friday that there had been a massive drop in Twitter revenue thanks to advertisers fleeing the company, which he blamed on unnamed “activists” who are “trying to destroy free speech in America.”
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” Musk tweeted out Friday. “Extremely messed up! They’re trying to destroy free speech in America.”
The reality, however, is that advertisers are fleeing because it’s not clear what his actual plan for the website is besides a massive layoff, but what we have seen so far is chaotic and alarming. For example, immediately after buying the website, Musk posted and then deleted an article falsely claiming that Paul Pelosi was attacked by a male sex worker and not a right-wing conspiracy theorist looking for his wife, Speaker of the House Nancy Pelosi. A Reuters report revealed that at least one major ad buyer planned to meet with Musk over that incident. Internal documents shown to Reuters already suggested that advertisers were bearish on the website because of the growth of crypto and gambling content and an “absolute decline” in users who post frequently.
And away we go!