US ad revenue at Musk’s X declined each month since takeover -data::Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in October 2022, according to third-party data provided to Reuters.

  • Gaim@lemmy.world
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    1 year ago

    Honestly, I’m impatiently waiting for the downfall/closure of X/twitter. Site is just filled with garbage/Nz propaganda now. Disgusting

    • RupeThereItIs@lemmy.world
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      1 year ago

      Was disgusting before he bought it out though too.

      He just purged the grossness you liked.

      It was always a blight on humanity.

      • Gaim@lemmy.world
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        1 year ago

        What grossness do I like? Most of the people I follow are still there, there’s just more people doing death threats to them due to their race/orientation.

        • RupeThereItIs@lemmy.world
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          1 year ago

          It was always useless dopamine exploiting garbage.

          It served to pump up peoples egos, feed narcissists & mostly not do anything of any real value. It was always a place that would drag random individuals through the virtual streets as some sort of cathartic virtue signaling stoning event for ‘wrong thinking’ or ‘wrong speaking’.

          What Musk has done to it has obviously made it worse, but it was never a net gain for society to have something like Twitter.

          It was always a very problematic entity, outside of anyone’s political leanings or whatnot.

      • Hiccup@lemmy.dbzer0.com
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        1 year ago

        Now I’ve only had to use Twitter sparingly since Musk took it over, but before he took it over I wasn’t getting harassed or death threats from randoms for merely posting a picture. Site is beyond disgusting and disrepair at this point. Nazi content is also getting pushed to the fore. Something is definitely up since he took over and fucked with the algorithm and other things.

  • lolrightythen@lemmy.world
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    1 year ago

    Are we at the point that we can admit ElMo is doing this on purpose to shut down free speech that stands in opposition to wealthy authoritarian regimes?

    https://gizmodo.com/twitter-saudi-arabia-x-jack-dorsey-areej-al-sadhan-abdu-1850805085

    I’m not going to pretend I have absolute proof, nor that I am an expert on the subject matter. I do believe it stands to reason that he isn’t an idiot (nor as intelligent as he portrays himself for that matter) - not enough of an idiot to actively degrade a prominent social media platform to the tune of tens of billions of dollars without a goal in mind.

    He’s still an idiot, in my opinion. Money isn’t worth a damn if there aren’t peasants. He might have to wipe his own ass at this rate.

    I hope he becomes irrelevant. I’ll do my part moving forward.

    • Ech@lemm.ee
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      1 year ago

      Not Elmo. Elmo is a delight. Musk is a sentient trash heap.

  • gmtom@lemmy.world
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    1 year ago

    On the one hand I really want Musk to go bankrupt, but at the same time I don’t want him to gut spaceX to avoid bankruptcy.

  • randon31415@lemmy.world
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    1 year ago

    Hasn’t ad revenue across the board been falling for years now? Musk didn’t help, but wouldn’t this trend exist no mater who was in charge?

  • Buffalox@lemmy.world
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    1 year ago

    Technically it didn’t decline each month, but it’s been lower each month than before the takeover. For the past 6 months staying steady at about 60% lower YoY.

    If musk can manage it all by himself, he may actually succeed to make it profitable. /s