this post was submitted on 25 Nov 2023
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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 [email protected] to c/[email protected]
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[โ€“] [email protected] 3 points 11 months ago (1 children)

Seems pretty obvious, right? Someone on Lemmy once argued, he did it to avoid taxes. Failed to explain how this is profitable in the end though.

[โ€“] [email protected] 12 points 11 months ago

I remember reading an article speculating that his strategy was to bring down twitter because it was a left leaning platform, and that would appease the Saudis, or something like that. Seemed pretty far fetched. I reckon he made an ego driven power play without thinking it through and it is going about as well as anybody expected. No shenanigans, no strategy, just a more publically exposed failure than his previous business failures.