What is Elon Musk's feud with Apple about anyway? You're probably confused.
Is it about advertising, or about those 30% in-app purchase fees, or about removing Twitter from the App Store? Well, all of it, really. Let's dig in. 🧵
1. Musk said that Apple stopped advertising on Twitter. @washingtonpost reported that Apple is one of Twitter's largest advertisers, so that'd have been bad for Twitter. 50 of its top 100 advertisers have stopped spending since Musk took over, @mmfa reports, not including Apple.
2. But now, the analytics firm Pathmatics says that Apple hasn't stopped spending on Twitter. In fact, it's *increased* its ad spend recently. (@mmfa relied upon Pathmatics data in its original analysis.) This makes sense: it's holiday shopping season.
A lot of people seems confused about these little text boxes with annotations. That’s part of the Birdwatch program on Twitter, a user-generated fact-checking system. As illustrated here, it’s not some top-down content moderation from Twitter but rather bottom-up from users.
I’ve seen a lot of people on the left pointing out Birdwatch blurbs on the White House account and claiming that Twitter’s editorial stance is moving rightward under Musk. That might ultimately prove true for Twitter’s actual decisions but not with Birdwatch unless it changes.
Also Birdwatch launched last year and recent rolled out to all users, but it certainly predates Musk’s week-old tenure.
Unless something has changed in the year since I last worked at an ad trade pub, Twitter is a nice-to-have for many brands and buyers not an essential platform like Facebook and Google (as Mike also suggested.)
Musk owns Twitter and being a private company would have given him some more wiggle room to figure the business out EXCEPT he proposed a deal at a joke price he couldn’t afford and had to get equity and debt financing the latter of which comes with a $1B per year interest bill!