this post was submitted on 05 Oct 2023
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X drops headlines from articles, as new report details its bleeding ad revenue (www.marketwatch.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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X drops headlines from articles, as new report details its bleeding ad revenue::Elon Musk's X revamped its look to eliminate headlines on article links Wednesday, the same day that Reuters reported the platform has seen massive monthly...

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[–] slaacaa@lemmy.world 0 points 1 year ago (1 children)

Holy shit, that’s brutal. That company is dead

[–] gravitas_deficiency@sh.itjust.works -1 points 1 year ago* (last edited 1 year ago) (1 children)

I’ve seen estimates that put the loss of value of the company itself since Elon took over at something like 90%. If that’s anywhere even close to accurate… impressive. Most impressive.

[–] joenforcer@midwest.social 0 points 1 year ago (1 children)

Since Twitter is now private, we'll never know the real numbers, but the paper value of the Twitter brand itself being cast aside is a huge non-monetary loss.

[–] gravitas_deficiency@sh.itjust.works -1 points 1 year ago

Right?? Like, it was one of the most known brands in the world. You don’t throw that away if making money is your goal.