The Twitter Advertiser Exodus


This post is by Caterina Fake from Caterina.net


A $750,000 a month advertiser has left Twitter. One of hundreds. But in her post she explained the bases for the decision vis-a-vis her advertising investment in a neutral, non-ideological way. People picked up this post because it so powerfully predicts the demise of Twitter’s advertising business, already in freefall and now perhaps beyond recovery.

I’ve spent a lot of my career railing against the marriage of advertising and social media. It was once called “online community” or “social software”. an advertising business model almost inevitably leads to so many of the social ills we know so well. The implosion of Twitter allows us see this happening in real time. Given that Elon Musks explained that it was his intention in acquiring to make it the “free speech” platform , it was with great schadenfreude and satisfaction that I enjoyed the Techdirt post by Mike Masnick, Hey Elon: Let Me Help You Speed Run The Content Moderation Learning Curve, which those of us who have run user generated content sites have all been through.

The Advertiser Exodus is real. An alternate business model will be required. But the User Exodus is just as real. As @mulegirl on Twitter points out, it will require 93,750 paid users paying $8 per month to replace just this single $750,000 a month advertiser.

Which, in my opinion, is good and correct. I have always thought that the social media platforms should be much less profitable than they are, and that it is only (Read more...)