Comment by Raidion
21 hours ago
Really? Revenue loss was pretty directly tied to Elon replying and supporting some "jews vs whites" type posts in Nov 2023.
That caused Apple, Coke, and many other large clients to stop advertising.
21 hours ago
Really? Revenue loss was pretty directly tied to Elon replying and supporting some "jews vs whites" type posts in Nov 2023.
That caused Apple, Coke, and many other large clients to stop advertising.
My understanding is that Twitters revenue was
What's the operational cost now? 10K to 2K employees. 30 Engineers.
It doesn’t cost much to keep the lights on. As far as I know, X post-acquisition is not investing in innovation anymore.
Musk might have been right that shifting to KTLO mode was a good idea, but the company would still be better off if someone other than him had bought it and done the same thing.
Elon very publicly killed brand safety efforts. Advertisers care a lot about the context that their ads appear in.
That would be the good argument, yes.
Mo biggie on revenue loss. They axed most of their staff and went from 2k devs to 30. Trade off seems fine
The company lost about $12 billion in enterprise value between the last two transactions.
Valuation is not important. These are private market transactions. Ultimately all the investors made out well, and it seems the company is more profitable than it was before. At least expenses are way down and if those expenses are correct then they are paying off the debt and making a good profit.
https://news.ycombinator.com/item?id=47176049
I couldn't possibly disagree with this more. Since the acquisition Twitter/X has had far more features at a far faster pace than in the 10 years prior. They've added all sorts of great stuff, and recently have been near the top of the charts in the Apple App Store.
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