242
X drops headlines from articles, as new report details its bleeding ad revenue
(www.marketwatch.com)
this post was submitted on 05 Oct 2023
242 points (79.7% liked)
Technology
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Good
B-but Elon told me advertisers were returning!
Holy shit, that’s brutal. That company is dead
I’ve seen estimates that put the loss of value of the company itself since Elon took over at something like 90%. If that’s anywhere even close to accurate… impressive. Most impressive.
Since Twitter is now private, we'll never know the real numbers, but the paper value of the Twitter brand itself being cast aside is a huge non-monetary loss.
Right?? Like, it was one of the most known brands in the world. You don’t throw that away if making money is your goal.