Musk is going to sabotage Yaccarino’s plans for Twitter

TL;DR Breakdown

  • Elon Musk’s new rule limiting the number of daily tweets viewed could negatively impact Twitter’s advertising appeal.
  • This move creates a hurdle for Twitter’s new CEO, Linda Yaccarino, who aims to rebuild advertiser relationships.
  • While the limit intends to curb data scraping and manipulation, it can deter users and advertisers, damaging Twitter’s reputation and revenue.

Description

There’s an unexpected, yet not surprising, storm brewing in the Twitter-verse. Elon Musk, known for his spontaneous and at times destabilizing decisions, has ignited a clash of titans within the realm of social media and advertising. This time, his aim is focused on Twitter, a platform he recently took over, with ramifications that might just … Read more

There’s an unexpected, yet not surprising, storm brewing in the Twitter-verse. Elon Musk, known for his spontaneous and at times destabilizing decisions, has ignited a clash of titans within the realm of social media and advertising.

This time, his aim is focused on Twitter, a platform he recently took over, with ramifications that might just thwart the ambitions of new CEO Linda Yaccarino.

A move that rattles the advertising sphere

Just this past Saturday, Musk declared a temporary limit on the number of tweets users can consume daily. This measure, ostensibly designed to curtail rampant data scraping and manipulation, carries a hidden undertow that threatens to undermine Yaccarino’s goals.

Users have already reported hitting an impervious wall, unable to view tweets, including those from corporate advertisers. This has left them staring at blank screens in frustration and advertisers questioning their investment in the platform.

Yaccarino, once an advertising luminary at NBCUniversal, stepped into the role of CEO only last month. Her mission: to mend bridges with advertisers who had distanced themselves following Musk’s takeover of Twitter.

Now, this new restriction imposed by Musk appears to be more of a barricade than a bridge, presenting an unexpected hurdle in Yaccarino’s endeavor.

Musk’s move: A distress signal for Twitter’s future

This cap on tweet consumption isn’t just bad news; it’s a remarkably damaging blow to both users and advertisers. Mike Proulx, Research Director at Forrester, noted this move amplifies an existing deficit in advertiser trust.

This chasm that Yaccarino is tasked with bridging just widened, and her industry credibility alone might not suffice to reverse the damage.

Equally vocal about the matter, Lou Paskalis, the founder of AJL Advisory and ex-marketing chief at Bank of America, posits Yaccarino as Musk’s “last best hope” to restore ad revenue and salvage Twitter’s value.

However, the imposed tweet limit seems to contradict her ability to do so. It’s a move that signals Musk’s inability to allow Yaccarino to rescue Twitter from its self-inflicted wounds.

Initially, unverified accounts faced a limit of 600 daily posts, with newer unverified accounts capped at 300. Verified accounts, conversely, could browse 6,000 posts a day. However, Musk increased these limits just hours later, signaling an uneasy calibration of his new policy.

This cap, according to Jasmine Enberg, Principal Analyst at Insider Intelligence, may potentially be “catastrophic” for Twitter’s ad business.

The platform’s appeal to advertisers is already dwindling, and this latest measure won’t make the task of convincing them to return any easier. Olivia Wedderburn of TMW Unlimited, went as far as advising her clients to cease investing in Twitter immediately.

Ultimately, Musk’s decision comes as Twitter has started requiring users to be logged in to view tweets, a “temporary emergency measure” to fight data scraping, as Musk referred to it.

While the imposed restrictions appear to be effective in blocking third parties from data scraping, according to Kai-Cheng Yang, a researcher at Indiana University, it’s at the cost of disengaging Twitter’s active users.

This measure, in its attempt to solve one issue, may inadvertently birth a new set of problems for Twitter – problems that Yaccarino might find increasingly difficult to overcome.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Musk is going to sabotage Yaccarino’s plans for Twitter

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月5日 23:32
Next 2023年7月6日 00:40

Related articles

  • BRICS summit: Key insights you need to know

    TL;DR Breakdown BRICS added six countries, reshaping global economic dynamics. The expansion may influence a shift from US dollar transactions in oil sales. Xi Jinping missed a key speech, while Putin attended virtually. Description A critical global spotlight was set on the BRICS 2023 Summit. The key players in the bloc made decisions that may shake the very core of the geopolitical arena. And if you weren’t paying attention, you might just miss out on understanding the future landscape of our global order. From unexpected memberships to suspicious absences, … Read more A critical global spotlight was set on the BRICS 2023 Summit. The key players in the bloc made decisions that may shake the very core of the geopolitical arena. And if you weren’t paying attention, you might just miss out on understanding the future landscape of our global order. From unexpected memberships to suspicious absences, here’s the lowdown. Shaking up the global order with new additions Expanding a bloc isn’t just about adding names to a list—it’s a calculated move, shifting power dynamics and potentially sending shockwaves across…

    Article 2023年8月28日
  • Ordinals protocol introduces dollar-backed stablecoin on the bitcoin blockchain

    TL;DR Breakdown The controversial BRC-20 standard and Ordinals protocol make a stablecoin possible and keep growing its footprint in the Bitcoin ecosystem.  The U.S.-based Stably, which describes itself as a fiat gateway for crypto trading, has announced its BRC-20 stablecoin backed by the U.S. dollar on Twitter. Ordinals launched in January are frequently used to build NFT-like assets on Bitcoin and have been a contentious topic ever since. The launch of a BRC-20 stablecoin by U.S. crypto company Stably recently sparked a contentious debate about ordinals among the bitcoin community. The contentious BRC-20 standard and the Ordinals protocol enabled it to continue leaving a larger mark on the bitcoin ecosystem. The most recent stablecoin is Stably USD, which claims to be the first BRC-20 stablecoin. Debate over the significance of BRC-20 tokens in the bitcoin community Since they are ERC-20 tokens, Tether (USDT) and USDCoin (USDC), two of the biggest stablecoins, transact most of their volume on the Ethereum network. Nevertheless, both tokens are now accessible on several networks, including TRON, Solana, and Avalanche. BRC-20s are quite similar to NFTs,…

    Article 2023年5月29日
  • Azuki NFTs massive crash: What went wrong with the ‘Elementals’ launch?

    TL;DR Breakdown Azuki’s new ‘Elementals’ NFT collection sparked controversy for alleged similarity to their original collection, causing a 44% drop in Azuki’s NFT value. Critics accuse Elementals of being a cheaper version of Azuki’s original collection, despite initial marketing suggesting a unique brand story. The backlash led to a market upheaval with a 400% surge in Azuki NFT sales and a steep price drop, while Elementals’ floor prices dropped by 55%. Description Yesterday, the NFT world was rocked by a significant market fluctuation when the floor price of Chiru Labs’ renowned Azuki NFT collection plunged by a striking 44%. However, this dramatic downturn was linked to the release of the company’s latest collection, ‘Elementals‘, which was met with substantial backlash from holders and market observers​. The Azuki … Read more Yesterday, the NFT world was rocked by a significant market fluctuation when the floor price of Chiru Labs’ renowned Azuki NFT collection plunged by a striking 44%. However, this dramatic downturn was linked to the release of the company’s latest collection, ‘Elementals‘, which was met with substantial backlash from holders…

    Article 2023年6月30日
  • Coinbase Files Mandamus Petition: Seeking Transparency in the Crypto Industry

    TL;DR Breakdown Coinbase has filed a mandamus petition challenging the SEC’s authority to regulate cryptocurrencies without clear guidelines, aiming to demand transparency and fair treatment. The legal action by Coinbase has significant implications for the crypto industry and regulatory landscape, highlighting the need for regulatory clarity and setting a precedent for future regulations. In a bold move to ensure transparency and regulatory clarity in the cryptocurrency industry, Coinbase, one of the largest cryptocurrency exchanges in the United States, has filed a mandamus petition. This legal action aims to challenge the authority of the Securities and Exchange Commission (SEC) to regulate cryptocurrencies without clear guidelines, creating a significant impact on the crypto market and regulatory landscape. With increasing scrutiny on digital assets, Coinbase’s petition sets the stage for a crucial legal battle between the industry and regulators. The Mandamus Petition: Demanding Clarity and Fair Treatment Coinbase’s mandamus petition is a strategic move that seeks to challenge the SEC’s authority and demand clear guidelines for the regulation of cryptocurrencies. The petition argues that the SEC has failed to provide adequate notice and…

    Article 2023年5月26日
  • CFTC warns clearing organizations of risks associated with digital assets

    TL;DR Breakdown The CFTC has issued a staff advisory letter to derivatives clearing organizations (DCOs) regarding the risks of expanding activities, specifically focusing on digital assets. The advisory emphasizes the importance of proactive risk management and highlights concerns related to system safeguards, conflicts of interest, and physical deliveries. Commissioner Kristin Johnson calls for the CFTC to initiate a formal rule-making process to establish stricter regulations for crypto-commodity derivatives clearing models. The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, cautioning them about the risks involved in expanding the scope of their activities. In particular, the letter highlighted the risks associated with digital assets, signaling the CFTC’s increased focus on the emerging crypto market. Increased interest in digital assets prompts CFTC advisory The advisory letter, released by the CFTC Division of Clearing and Risk (DCR), emphasized the importance of proactive risk management. The DCR urged DCOs and applicants to actively identify and mitigate new, evolving, or unique risks from their involvement with digital assets. This move comes…

    Article 2023年6月3日
TOP