1y ago

X may lose up to $75 mln by year-end on advertiser exodus - NYT

www.reuters.com X may lose up to $75 mln by year-end on advertiser exodus - NYT

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.

Hacker News @derp.foo

haxor @derp.foo

BOT

1y ago

X may lose up to $75M by year-end on advertiser exodus

www.reuters.com /technology/x-may-lose-up-75-mln-by-year-end-advertiser-exodus-nyt-2023-11-24/

46 4

Technology @lemmy.world

Lee Duna @lemmy.nz

1y ago

X may lose up to $75 mln by year-end on advertiser exodus - NYT

www.reuters.com /technology/x-may-lose-up-75-mln-by-year-end-advertiser-exodus-nyt-2023-11-24/

384 54

8 comments

🎻

That's kinda spare change to him though.
Even if they lost that much money every month, or $900M a year... and this somehow went on for 250 years a(nd we ignore the speculative markets for a sec), they'd still have 14 billions and would still be in the top 150 fortunes.
That's just to show how utterly fucking insane is the sheer amount of wealth one can hoard.
It's such a ridiculous amount of money that it's hard to comprehend.
- Funny, he’s not acting like it’s spare change. He’s in meltdown litigation mode over it.
  
  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.
  
  Because manchildren do what manchildren do

He just told his advertisers to go fuck themselves so it will be a lot more than that.

comcast still loves them.

8 comments