News for hackers. Stuff that matters.
Re:Advertiser exodus expected to deeply impact X ad revenue,... by mdhb on Monday November 20, 2023 @05:17PM (#38355698)
We are literally in a thread taking about their only meaningful revenue source collapsing to the tune of hundreds of millions of dollars.
Re:Advertiser exodus expected to deeply impact X ad revenue,... by financypants on Monday November 20, 2023 @06:23PM (#38356451)
I’m saying we don’t have first-hand sources for revenue, nor do we have first-hand sources for expenses, which we know to some degree have both declined.
Re:Advertiser exodus expected to deeply impact X ad revenue,... by mdhb on Monday November 20, 2023 @06:32PM (#38356535)
Even Elon said just 3 weeks ago that it had lost more than half its value. Why are you so insistent on clinging to such a poor argument here?

You don’t need some independent GAAP compliant audit to see that things were going exceptionally poorly before they lost the majority of their only meaningful revenue stream and that no sane person would start investing in it at this point.

https://www.theverge.com/2023/10/30/23938969/x-twitter-valua...

Re:Advertiser exodus expected to deeply impact X ad revenue,... by badrabbit on Monday November 20, 2023 @08:49PM (#38357797)
Elon himself has stated a 50% loss of value since he purchased it, of course he did blame others for the loss.