by When Twitter’s advertising business was lost, billionaire Elon Musk said that he had bought Twitter’s advertising solution for his space exploration technology company SpaceX satellite network service Starlink (Starlink)!
Elon Musk said on Twitter a few days ago,SpaceX bought a small ad program, on a small scale, to test the effectiveness of Twitter ads in Australia and Spain.
It is reported that more than 90% of Twitter’s revenue in the second quarter came from advertising sales, but it is currently seeing a loss of advertising business, because advertisers are worried that Elon Musk will rectify Twitter’s content review rules and have withdrawn.
Since Elon Musk bought Twitter last month, some business owners have suspended advertising on Twitter, including GM, General Mills, Mondelez International and Volkswagen AG.
According to insiders,SpaceX recently purchased more than US$250,000 (approximately RM1,135,325) of advertising solutions from Twitter, which can place the brand on Twitter’s main news for 24 hours.SpaceX’s advertisements will be placed in the Australian and Spanish markets. Australian and Spanish users will see SpaceX’s Starlink advertisement three times before opening the Twitter program.
The speculation of Twitter’s funding problems is not groundless. Elon Musk once revealed to employees that Twitter is constantly burning money. If the financial situation does not improve, the company may go bankrupt. In order to help Twitter restore its decline, Elon Musk requires employees to work 40 hours a week, cancels the right of all employees to work remotely, and requires all employees to return to the company to work.
Meanwhile, Tesla shares fell 4 percent after Elon Musk said he had too much work on his hands. Investors worry that Elon Musk is too focused on Twitter at a time when the world’s most valuable automaker faces production hurdles and stiff competition.
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