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X may lose up to $75 mln by year-end on advertiser exodus - NYT (www.reuters.com)

submitted 10 months ago by [email protected] to c/technology

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[–] qooqie 122 points 10 months ago (4 children)

That’s not as much as I would’ve hoped

[–] EdibleFriend 44 points 10 months ago

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.

[–] [email protected] 20 points 10 months ago

$75m in 5 weeks. That’s a run rate of $780m per year. That is not a small chunk of revenue.

[–] SkyezOpen 17 points 10 months ago (2 children)

75 bucks is the minimum though. It could be like... 37 billion.

[–] [email protected] 22 points 10 months ago

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.

[–] [email protected] 4 points 10 months ago (1 children)

I don't think Twitter ever even had ad revenue that high right?

[–] SkyezOpen 1 points 10 months ago

5 trillion then.

[–] Viking_Hippie 14 points 10 months ago* (last edited 10 months ago)

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 🙂