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US ad revenue at Musk's X declined each month since takeover -data (www.reuters.com)
submitted 2 years ago by [M, B] to c/technology@lemmy.world
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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.

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[–] -3 points 2 years ago* (last edited 2 years ago) (1 child)

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

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  • [–] 10 points 2 years ago (1 child)

    Yeah because he is like super smart and shit

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  • [–] 6 points 2 years ago (2 children)

    Exactly, there is zero doubt he sees himself as super-duper-uber-smart, he seriously claimed in an interview, that he knows more about manufacturing than anybody else on earth.

    That's quite an ego.

    https://min.news/en/economy/aa9ecf402dc7d5b2ecbdd4160696bf2f.html

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