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US ad revenue at Musk's X declined each month since takeover -data (www.reuters.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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US ad revenue at Musk's X declined each month since takeover -data::Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in October 2022, according to third-party data provided to Reuters.

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[–] RupeThereItIs@lemmy.world 2 points 1 year ago

It was always useless dopamine exploiting garbage.

It served to pump up peoples egos, feed narcissists & mostly not do anything of any real value. It was always a place that would drag random individuals through the virtual streets as some sort of cathartic virtue signaling stoning event for 'wrong thinking' or 'wrong speaking'.

What Musk has done to it has obviously made it worse, but it was never a net gain for society to have something like Twitter.

It was always a very problematic entity, outside of anyone's political leanings or whatnot.