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submitted 10 months ago* (last edited 10 months ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net

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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[-] HumanBehaviorByBjork@hexbear.net 14 points 10 months ago

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

[-] dannoffs@hexbear.net 8 points 10 months ago

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

[-] motherofmonsters@hexbear.net 3 points 10 months ago

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

[-] IsThisLoss@hexbear.net 2 points 10 months ago

profits

They have never had a month of positive cashflow

[-] FuckyWucky@hexbear.net 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.

this post was submitted on 04 Jan 2024
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