this post was submitted on 26 Nov 2023
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X may lose up to $75 mln by year-end on advertiser exodus - NYT (www.reuters.com)
submitted 1 year ago by [email protected] to c/twitter
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Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday.

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[–] [email protected] 6 points 1 year ago (2 children)

Funny, he’s not acting like it’s spare change. He’s in meltdown litigation mode over it.

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

Yea I merely meant to illustrate how fucking bananas that amount of wealth is.

Sure, it's more complicated than my comment let's on.
Most of that wealth is from the speculated value of stocks which can go tits up when investors lose confidence.
He's also petty, narcissistic and vindictive, so here we are.
I wouldn't be surprised if he tried to buy one of those companies just to shut them up/down.

[–] [email protected] 2 points 1 year ago

ok, that’s reasonable.

[–] [email protected] 4 points 1 year ago

Because manchildren do what manchildren do