As LGBTQ+ And Others Flee Twitter, Musk Claims The Platform Has Lost 50% Of Revenue

Feature, Queer News Tonight, Queer Up Business

July 19, 2023

Post Views: 0

Flip It 〡and〡 Follow Us

The financial woes for Twitter appear to be continuing as owner Elon Musk announced the platform is experiencing a nearly 50 percent drop in advertising revenue as it struggles with a heavy debt load. The news comes days after Matthew Price, CEO of Cloudflare, a web security firm, announced Twitter’s traffic has plunged since Musk purchased the social media platform. Earlier this month, Meta launched a new text-based platform called Thread that directly rivals Twitter. The new Meta platform reached 100 million downloads within the first week of its release and LGBTQ+ internet users have flocked to it, in part due to Musk's anti-trans policies on Twitter.

Tags: Business, Elon Musk, Twitter

Author

Al Ferguson

Al, known as 'The Gay Guru', has extensive experience in the LGBTQ+ community, having traveled to over 140 countries and coordinated events with RuPaul's Drag Race and LGBTQ+ organizations across America. He is the lead host of the world's first LIVE LGBTQ+ talk show, It's Happening Out, and the daily LIVE LGBTQ+ evening news show, Queer News Tonight. He has also broadcasted major Pride Parades and events to the worldwide LGBTQ+ audience on ROKU and Apple Television.

View all posts

Never miss any important news. Subscribe to our newsletter.

Related News

2024 Wilton Manors Stonewall Pride Parade Live Broadcast

June 19, 2024

Why Are People In Their 20’s So Miserable? The Queer God Squad Answers

April 25, 2024

Queer God Squad Reaction To San Francisco’s Queer Hunky Jesus Festival 2024

April 11, 2024

The Religious Implications: Will Scientists Create A Human Embryo With DNA From Two Men?

April 9, 2024

Is Christianity ‘The Chosen’ Right Religion, Not Islamic Or Jewish?

April 1, 2024

Queer Faith Reaction: It’s TDOV But Is The LGBQ Community Tiring Of Supporting The Trans Community?

March 28, 2024

Queer Faith Talks About Women’s History Month And Why Do Bible Stories Treat Women So Badly

March 13, 2024

Wilton Manors Lights Up with HOTspots! Art Walk on March 16

March 13, 2024

The LGBTQ+ Hate Bible, Why Did Leviticus Get In The Bible Anyway?

March 12, 2024

GMSCF ‘Hooray For Hollywood’ Concert March 22 At The Parker Is Nearly Sold Out

March 12, 2024

RuPaul’s New Bookstore Attacked For Selling ‘Libs Of TikTok’ and Even Hitler Books. Wait, What?

March 12, 2024

American Evangelicals Have Helped Ghana Get Up To 10 Years In Prison For ‘Saying You’re Gay’

March 11, 2024

Leave a Reply Cancel reply

You must be logged in to post a comment.

Never miss any important news. Subscribe to our newsletter.

Recent News

South Florida Drag Queens Celebrate Ana Navarro Birthday On ‘the View’

January 18, 2024

2024 Wilton Manors Stonewall Pride Parade Live Broadcast

June 19, 2024

Why Are People In Their 20’s So Miserable? The Queer God Squad Answers

April 25, 2024

Queer God Squad Reaction To San Francisco’s Queer Hunky Jesus Festival 2024

April 11, 2024

The Religious Implications: Will Scientists Create A Human Embryo With DNA From Two Men?

April 9, 2024

Is Christianity ‘The Chosen’ Right Religion, Not Islamic Or Jewish?

April 1, 2024

Queer Faith Reaction: It’s TDOV But Is The LGBQ Community Tiring Of Supporting The Trans Community?

March 28, 2024

Queer Faith Talks About Women’s History Month And Why Do Bible Stories Treat Women So Badly

March 13, 2024

Wilton Manors Lights Up with HOTspots! Art Walk on March 16

March 13, 2024

Events Near You

Dec 09 2024

Fort Lauderdale HIV+ Gay Discussion Group

ArtServe, 1350 E Sunrise Blvd, Fort Lauderdale, FL 33304

View Detail

Dec 14 2024

SOFFA Meets

SunServe - Wilton Manors Campus, 2312 Wilton Drive - Wilton Manors, FL

View Detail

No event found!