Comment on X may lose up to $75 mln by year-end on advertiser exodus - NYT

qooqie@lemmy.world ⁨1⁩ ⁨year⁩ ago

• EdibleFriend@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Don’t forget how recently he really started driving away the advertisers and how close we are to the end of the year. I see it as a very hopeful start.

  source
• ramble81@lemm.ee ⁨1⁩ ⁨year⁩ ago

  $75m in 5 weeks. That’s a run rate of $780m per year. That is not a small chunk of revenue.

  source
• SkyezOpen@lemmy.world ⁨1⁩ ⁨year⁩ ago

  75 bucks is the minimum though. It could be like… 37 billion.

  source

  • mihies@kbin.social ⁨1⁩ ⁨year⁩ ago

    X is already worth less than half of buying price. And this is income loss, not net worth. Which will eventually lead to the later or if not to bankruptcy.

    source
  • stifle867@programming.dev ⁨1⁩ ⁨year⁩ ago

    I don’t think Twitter ever even had ad revenue that high right?

    source

    • SkyezOpen@lemmy.world ⁨1⁩ ⁨year⁩ ago

      5 trillion then.

      source
• Viking_Hippie@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Don’t worry, the company is no worth less than half of what he paid for it and his Tesla stocks are hemorrhaging value too 🙂

  source