X may lose up to $75 mln by year-end on advertiser exodus - NYT

Lee Duna@lemmy.nz to Technology@lemmy.world – 385 points –
X may lose up to $75 mln by year-end on advertiser exodus - NYT
reuters.com
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That’s not as much as I would’ve hoped

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.

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.

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 🙂