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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
    You forget about NG-NPOs. Linux Foundation is NG-NPO, FSF is NG-NPO.
    
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