X drops headlines from articles, as new report details its bleeding ad revenue::Elon Musk’s X revamped its look to eliminate headlines on article links Wednesday, the same day that Reuters reported the platform has seen massive monthly…

  • gravitas_deficiency@sh.itjust.works
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    1 year ago

    I’ve seen estimates that put the loss of value of the company itself since Elon took over at something like 90%. If that’s anywhere even close to accurate… impressive. Most impressive.

    • joenforcer@midwest.social
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      1 year ago

      Since Twitter is now private, we’ll never know the real numbers, but the paper value of the Twitter brand itself being cast aside is a huge non-monetary loss.

      • Tyfud@lemmy.one
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        1 year ago

        That’s not entirely true. There is a company that still holds its Twitter shares even after it went private. They are the ones that everyone points to when looking for real estimates of how much value the company has lost. Every quarter or so they release their estimate of their shares in Twitter, and based on the total shares they own, we can get a good idea of the total company valuation.

        • joenforcer@midwest.social
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          1 year ago

          Twitter was a public company before Elon’s acquisition. Not sure what you’re trying to get at with the “profit-driven” comment either… every business is by necessity.

        • Natanael@slrpnk.net
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          1 year ago

          Don’t mix private vs gov entity with private ownership vs ownership shares open for purchase top the public

          • uis@lemmy.world
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            1 year ago

            You forget about NG-NPOs. Linux Foundation is NG-NPO, FSF is NG-NPO.