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

submitted 11 months ago by Fitik@fedia.io to c/twitter@lemmy.world

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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.

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[–] InEnduringGrowStrong@sh.itjust.works 7 points 11 months ago* (last edited 11 months ago) (1 children)

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.

[–] mateomaui@reddthat.com 2 points 11 months ago

ok, that’s reasonable.