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Value of "X" has fallen 71% since purchase by Musk and name change from Twitter
(www.theguardian.com)
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Vaush posts go in the_dunk_tank
like all these social media companies, the value was largely imaginary. i doubt its profits have dropped nearly as much.
I wouldn't be surprised either way. They've had a lot of major advertisers pull ads.
Have they? I have screenshots of YouTube, Sega and Nasdaq ads running next to white nationalist and transphobic content
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.
They have never had a month of positive cashflow
they in shit ton of debt post acquisition though. yes the valuation is vibes based but still Twitter is objectively worse off than before.