Comment by guywithahat
3 days ago
I find this X doomsday talk is pretty isolated to reddit/other minor social media sites. The site itself is doing fine, and maintains a strong investor/startup ecosystem, with a slight fall in usage after the election (which isn't uncommon for Twitter/X). My understanding is that a few advertisers threatened to leave and then returned after a few days/weeks.
It's a private company now so I don't know what their revenue looks like but they certainly don't seem to be low on cash given how much they've invested in AI. You may not use X but it's definitely not "destroyed" lol
It's growing... but from an all time low. Estimates put it at half of their ad revenue pre acquisition. A lot of advertisers did actually leave and seem to have largely stayed away or their CPM numbers are just way way down both of which are pretty bad.
Also X isn't funding Grok, it's a separate B corp with funding of it's own, it's just been tightly integrated into X, so it doesn't really say anything about the money situation at Twitter/X.
https://www.reuters.com/technology/x-report-first-annual-ad-...
My very first thought on the news that Yaccarino is leaving is that Twitter needs a new CEO who can sell some shares.
I don't follow, why couldn't Yaccarino sell shares and to whom? As a fund raising?
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X didn't "invest in AI", it was rolled into a buzzy AI company. Before that the holders of it's debt could not find buyers (aka buyers willing to bet against X bankruptcy)
you realize Threads basically have the same amount of daily users now? This should never have happened