X, the social media company formerly known as Twitter, is expecting to rake in about $2.5 billion in ad revenue in 2023, short of both its internal estimates and what it has reported in years past, according to a report from Bloomberg. In a statement to Bloomberg, Joe Benarroch, head of business operations for X, argues that the numbers are an “incomplete view” of where the business currently stands. Yahoo Finance Live breaks down the report.
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X is a dumpster fire
💯❕Who could’ve predicted telling advertisers “f**k you,” would affect ad revenue?
Oh.
Literally everyone but Musk?
All the propaganda legacy media does is attack anyone who promotes free speech. No wonder no one watches them or takes them seriously. Their median age demographic is 65yo.
The financial incentives of the new twitter encourage inflammatory and provocative posts as they drive the most engagement and engagement = higher payout for “content creators”
👍👍👍👍. I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide….
How to create a $1 billion social media company,
Start with a $40 billion social media company.
— Elon Musk
Ironic enough
Free market Capitalism at work. COOL
Down 60% in one year. Not many CEOs could lose 60% in one year.