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