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.
X is already worth less than half of buying price. And this is income loss, not net worth. Which will eventually lead to the later or if not to bankruptcy.
Don’t forget how recently he really started driving away the advertisers and how close we are to the end of the year. I see it as a very hopeful start.
That’s not as much as I would’ve hoped
75 bucks is the minimum though. It could be like… 37 billion.
X is already worth less than half of buying price. And this is income loss, not net worth. Which will eventually lead to the later or if not to bankruptcy.
I don’t think Twitter ever even had ad revenue that high right?
5 trillion then.
Don’t forget how recently he really started driving away the advertisers and how close we are to the end of the year. I see it as a very hopeful start.
$75m in 5 weeks. That’s a run rate of $780m per year. That is not a small chunk of revenue.
Don’t worry, the company is now worth less than half of what he paid for it and his Tesla stocks are hemorrhaging value too 🙂