this post was submitted on 04 Jan 2024
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chapotraphouse

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Find the value of X. nerd

The number of monthly users of X dropped by 15% in the first year since Musk’s takeover amid concerns over a rise in hate speech on the platform.

It really is slowly dying.

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[–] [email protected] 14 points 10 months ago (4 children)

like all these social media companies, the value was largely imaginary. i doubt its profits have dropped nearly as much.

[–] [email protected] 8 points 10 months ago (1 children)

I wouldn't be surprised either way. They've had a lot of major advertisers pull ads.

[–] [email protected] 3 points 10 months ago

Have they? I have screenshots of YouTube, Sega and Nasdaq ads running next to white nationalist and transphobic content

[–] [email protected] 8 points 10 months ago

I wouldn't say it's imaginary. The value of the platform was the people who used it as it effectively functioned as s clearinghouse for news. The fact that a moron like musk didn't realize the value was the people and that by adding nazis and conspiracy theories he was destroying its value shows how much of a dipshit he really is. He basically bought a punch bowl, shit in it, and now is mad that no one wants his shit punch.

[–] [email protected] 2 points 10 months ago

profits

They have never had a month of positive cashflow

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

they in shit ton of debt post acquisition though. yes the valuation is vibes based but still Twitter is objectively worse off than before.