this post was submitted on 21 Jan 2024
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X is left with advertisers pushing dubious cryptocurrency and AI 'undressing' apps, users say after Musk's outburst (www.businessinsider.com)
submitted 10 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • X users are complaining about an influx of low-quality ads promoting crypto scams and AI "undressing" apps.
  • The decline in reputable advertisers on X has made the platform more reliant on less reputable ad buyers.
  • The exodus of advertisers, partially due to Elon Musk's controversial behavior, has left X with a growing revenue gap.

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[–] SpaceCowboy@lemmy.ca 14 points 10 months ago

Eh most of that "money" is actually leveraged Tesla shares. Tesla shares that are overvalued. If he runs Tesla into the ground it's not actually implausible he goes bankrupt.

Of course for the billionaires "going bankrupt" isn't the same as it is for you an me. He'll still live a life of luxury we can't even imagine, he just won't control as much of the economy as he does now. And he can always scam his true believers out of some money by creating a startup promising to to build robot dolphins or whatever (it doesn't matter he's a hype man) which he'll never deliver and idiots will throw money at him.