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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[–] CileTheSane@lemmy.ca 15 points 10 months ago (10 children)

Even if his aim was to not destroy Twitter from the inside, he will absolutely say that was his goal when it eventually happens.

Could that open him up to lawsuits from investors?

[–] adrian783@lemmy.world 1 points 10 months ago (5 children)

he owns Twitter

[–] Mikina@programming.dev 1 points 10 months ago (3 children)

I though Twitter is publicly traded and has stocks? That would mean that he definitely has a duty towards investors who bought the shares to lead the company in a responsible way, and if he claimed that he destroyed it on purpose, it should lead to a lawsuit from them. But I ain't no lawyer, only vaguely remember hearing something like that. Or does he own 100% of the shares himself and is the sole investor?

[–] dabaldeagul@feddit.nl 1 points 10 months ago

Fafaik he bought 100% of the shares.

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