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X may lose up to $75 mln by year-end on advertiser exodus - NYT
(www.reuters.com)
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this post was submitted on 25 Nov 2023
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That’s not as much as I would’ve hoped
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.
$75m in 5 weeks. That’s a run rate of $780m per year. That is not a small chunk of revenue.
75 bucks is the minimum though. It could be like... 37 billion.
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.
I don't think Twitter ever even had ad revenue that high right?
5 trillion then.
Don't worry, the company is now worth less than half of what he paid for it and his Tesla stocks are hemorrhaging value too 🙂