Comment by yashap
1 year ago
The platform is absolutely overrun with bots and extreme racism and sexism (as well as extremely racist/sexist bots). It’s a complete tire fire, advertisers are pulling out en-masse because they don’t want to be associated with this cesspool, non-bot users are fleeing, the company is outright tanking.
Musk bought it for $44 billion in October 2022. Over the first 13 months under Musk, we saw X internal memos marking themselves down to $19 billion, then Fidelity marked down their investment to a level implying a $15-16 billion valuation, then in November 2023 they marked it down again to $12.5 billion. All signs point to it losing even more value since.
I’d be surprised if X doesn’t declare bankruptcy within the next few years, Musk has rapidly taken it from social media giant to poor man’s 4chan.
no it's not. I'm a power user, I don't have some tremendous amount of bots as followers and I have made very out-of-reach friends and acquaintances on twitter. I get paid an okayish sum each month for posting on the platform and the most serious issue which was fixed earlier this year was the ***-in-bio spam.
Everything works betters since Elon, the site runs better! - All the people who keep repeating the 'cesspool' argument don't use the service. It was a cesspool it's entire life. People say any website that doesn't agree with them 100% of the time is a cesspool. Reddit, Insta, Tiktok, etc: Cesspools for people who can't spend time online with people that disagree with them.
I make $1k+ a month posting the same stuff I posted for free. I love the site more than ever, and I don't agree with Elon politically. and no i'm not a bot yaddah yaddah i really cannot get over how often people yap the same doom and gloom, commentators said the site was going down when he fired everyone - it works even better!
It was already a "poor man's (?) 4chan" long before Musk : it's baked in in its structure : platform + algorithmic selection of messages to show + short limits on numbers of characters per message.