Technology

59292 readers

4160 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

267

Advertiser exodus expected to deeply impact X ad revenue, analysis indicates (techcrunch.com)

submitted 11 months ago by [email protected] to c/[email protected]

40 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

While true, we are only talking about $2 to $3 Billion in losses a year.

How long do you think it'd take before Elon truly felt that burn? Maybe 5+ years, right? Maybe longer.

This is a man who conjured up $20+ Billion in cash last year to buy Twitter after all. He can take a few $2 or $3 Billion losses for a while.

Now SpaceX is also losing money and Tesla also looks like it's lost a ton of reputation. So that's what's gonna hurt Elon. But Twitter nonsense is unfortunately a rounding error in all of this.