Replying to a post on mstdn.social
@davidgerard I cringed at the comparative charts, though. X is a private company and I think they can report whatever. Threads has historically included many Instagram accounts, so while the numbers themselves might be correct, I don't think it's doing that good. I don't see many screenshots from Threads, whereas from other networks I do.
Replying to @Krazov@mstdn.social
@Krazov @davidgerard X has been merged into SpaceX, which went public last month.
Replying to @thesdev@vivaldi.net
@thesdev @davidgerard And here I was living under the rock. So, they need to report numbers for X too now?
Replying to @Krazov@mstdn.social
RE: https://mas.to/@carnage4life/117074313215445085
@Krazov @davidgerard yes, their ad revenue has plummeted 70% for example:
Dare Obasanjo@carnage4life@mas.toIn Q2 of 2022, Twitter made $1.08B in ad revenue. Thanks to the SpaceX IPO, we learn that number was $367M in Q2 of this year. He destroyed 70% of Twitter’s ads business in under 4 years.
Luckily for the investors who funded the acquisition, he bundled X into SpaceX/xAI and they made money anyway.
@davidgerard oh wait, I forgot to include all AI agents in these 8b...
Replying to @davidgerard@circumstances.run
@davidgerard damn, you can just do that? Brb, gonna make a startup with 8 billions in userbase