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::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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[–] jray4559@lemmy.sdf.org 0 points 1 year ago (1 children)

Man, Elon just never stops, does he? He has made one good addition to what was a perfectly good Twitter (Community Notes), and at least what, 30 bad decisions? Has there ever been a CEO as stupid as Elon has been to Twitter over this year? I mean damn, even being outed as a child molester and forced to resign probably wouldn't have been as bad.

[–] clgoh@lemmy.ca -2 points 1 year ago

Community Notes predate Musk.

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

Ad revenue in August was down 60% year over year, the report said.

Good

[–] 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.

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.