Comment on X drops headlines from articles, as new report details its bleeding ad revenue

• gravitas_deficiency@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  I’ve seen estimates that put the loss of value of the company itself since Elon took over is something like 90%. If that’s anywhere even close to accurate… impressive. Most impressive.

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  • joenforcer@midwest.social ⁨1⁩ ⁨year⁩ ago

    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.

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    • gravitas_deficiency@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      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.

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    • Tyfud@lemmy.one ⁨1⁩ ⁨year⁩ ago

      That’s not entirely true. There is a company that still holds its Twitter shares even after it went private. They are the ones that everyone points to when looking for real estimates of how much value the company has lost. Every quarter or so they release their estimate of their shares in Twitter, and based on the total shares they own, we can get a good idea of the total company valuation.

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    • uis@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Twitter always was private and profit-driven.

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      • joenforcer@midwest.social ⁨1⁩ ⁨year⁩ ago

        Twitter was a public company before Elon’s acquisition. Not sure what you’re trying to get at with the “profit-driven” comment either… every business is by necessity.

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      • Natanael@slrpnk.net ⁨1⁩ ⁨year⁩ ago

        Don’t mix private vs gov entity with private ownership vs ownership shares open for purchase top the public

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• uis@lemmy.world ⁨1⁩ ⁨year⁩ ago

  They enshittified themselve to death

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• Hiccup@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

  They’ve gone and Dugg themselves a whole that will never come out of while Musk is there.

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