this post was submitted on 21 Jan 2024
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X is left with advertisers pushing dubious cryptocurrency and AI 'undressing' apps, users say after Musk's outburst (www.businessinsider.com)
submitted 10 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • X users are complaining about an influx of low-quality ads promoting crypto scams and AI "undressing" apps.
  • The decline in reputable advertisers on X has made the platform more reliant on less reputable ad buyers.
  • The exodus of advertisers, partially due to Elon Musk's controversial behavior, has left X with a growing revenue gap.

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[โ€“] TWeaK@lemm.ee 2 points 10 months ago (1 children)

They're only liable for the debt so long as the business is operational, though. If the business folds, all the debt goes with it.

The point I'm making is that, while the decisions Musk has made since buying it have only made the business worse, ultimately the reason it's going to fail is the huge amount of debt, which is primarily from the leveraged buyout. If anything, Musk's antics are nothing but those of a clown trying to distract from and give plausible deniability against the real evil that's happening.

[โ€“] atrielienz@lemmy.world 1 points 10 months ago

They're only liable for the debt from the buyout. The other stuff? We'll see what the courts rule. But on the other hand, that assumes the banks were in on it.